BOC Hong Kong (OTCMKTS:BHKLY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of BOC Hong Kong (OTCMKTS:BHKLYGet Rating) from a hold rating to a buy rating in a research report sent to investors on Thursday, reports. They currently have $87.00 target price on the stock.

According to Zacks, “BOC Hong Kong (Holdings) Limited is operates as a commercial bank through its principal operating subsidiary Bank of China. The Company and its subsidiaries offer a comprehensive range of financial products and services to retail and corporate customers in Hong Kong and Mainland. Its personal banking segment provides services ranging from wealth management, integrated account service, card services, internet banking, phone banking, insurance services and investment services. Also this segment accepts deposits and offers personal loans, mortgage and remittance. The corporate banking segment offers commercial services, SME services, financial institution services, trade finance and services, e-commerce services, cash management, insurance, custodial and MPF services. The Company provides services related to investment in securities, precious metals, foreign exchange, fund and etc. BOC Hong Kong (Holdings) Limited is headquartered in Hong Kong. “

Separately, The Goldman Sachs Group upgraded shares of BOC Hong Kong from a buy rating to a conviction-buy rating in a research note on Thursday, January 20th.

OTCMKTS:BHKLY opened at $76.02 on Thursday. The company’s 50 day moving average is $74.06 and its two-hundred day moving average is $70.91. BOC Hong Kong has a twelve month low of $57.47 and a twelve month high of $84.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.68 and a quick ratio of 0.68.

BOC Hong Kong Company Profile (Get Rating)

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally. The company operates through four segments: Personal Banking, Corporate Banking, Treasury, and Insurance. It offers savings, current, and time deposit accounts; mortgage plans; payrolls, corporate deposits, and E-cheques services.

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