China Construction Bank (OTCMKTS:CICHY) Sets New 12-Month High – Should You Buy?

China Construction Bank Corp. (OTCMKTS:CICHY)’s share price reached a new 52-week high on Friday . The company traded as high as $22.6780 and last traded at $22.2450, with a volume of 11681 shares traded. The stock had previously closed at $21.74.

Wall Street Analyst Weigh In

Separately, Zacks Research raised China Construction Bank to a “hold” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

China Construction Bank Stock Up 2.6%

The business has a 50-day moving average price of $20.79 and a two-hundred day moving average price of $20.29. The firm has a market cap of $291.68 billion, a PE ratio of 6.16 and a beta of 0.08. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73.

China Construction Bank (OTCMKTS:CICHY) last announced its quarterly earnings results on Friday, March 27th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. China Construction Bank had a net margin of 25.79% and a return on equity of 9.73%. The company had revenue of $26.13 billion for the quarter, compared to analyst estimates of $24.24 billion.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.