China Merchants Bank (OTCMKTS:CIHKY) Stock Rating Upgraded by Zacks Investment Research

China Merchants Bank (OTCMKTS:CIHKYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “China Merchants Bank Co., Ltd. is engaged in providing corporate and retail banking products and services primarily in China. Its services include accepting deposits from public, granting term loans, settlement, bills discounting, issuing financial bonds, underwriting and trading government bonds. It also provides inter-bank lending and borrowing, letter of credit and guarantees, collection and payment, insurance agency services, safety deposit box services, foreign exchange, international settlement, foreign currency placement, foreign currency bills acceptance and discounting. In addition, it involves in treasury businesses for proprietary purpose and on behalf of customers. China Merchants Bank Co., Ltd. is headquartered in Shenzhen, China. “

Separately, The Goldman Sachs Group lowered China Merchants Bank from a “conviction-buy” rating to a “neutral” rating in a report on Monday, May 9th.

China Merchants Bank stock opened at $26.93 on Thursday. The company’s fifty day moving average price is $34.83 and its 200 day moving average price is $39.05. China Merchants Bank has a 1 year low of $26.00 and a 1 year high of $46.46. The stock has a market capitalization of $135.83 billion, a P/E ratio of 7.24 and a beta of 0.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.86 and a current ratio of 0.92.

China Merchants Bank (OTCMKTS:CIHKYGet Rating) last released its quarterly earnings results on Friday, April 22nd. The company reported $1.13 earnings per share (EPS) for the quarter. The firm had revenue of $13.44 billion for the quarter. China Merchants Bank had a net margin of 27.30% and a return on equity of 16.13%. Sell-side analysts predict that China Merchants Bank will post 0.33 EPS for the current year.

China Merchants Bank Company Profile (Get Rating)

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.

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