DBS Group (OTCMKTS:DBSDY) Upgraded to Hold by Zacks Investment Research

DBS Group (OTCMKTS:DBSDYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “DBS Group Holdings Ltd is the holding company of DBS Bank and is one of the largest companies in terms of market capitalisation whose shares are listed on the Singapore Exchange. DBS Group Holdings Ltd and its subsidiaries form one of the largest banking groups in the region in terms of shareholders’ funds and total assets. DBS is also a leading bank in Hong Kong. “

Separately, The Goldman Sachs Group lowered DBS Group from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, May 10th.

Shares of OTCMKTS DBSDY traded down $0.21 during midday trading on Friday, reaching $90.19. The company had a trading volume of 39,937 shares, compared to its average volume of 48,601. DBS Group has a one year low of $85.30 and a one year high of $111.25. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $98.61 and its 200-day moving average price is $99.18.

About DBS Group (Get Rating)

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.

Further Reading

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