Agri Bank China (OTCMKTS:ACGBY) Upgraded at Zacks Research

Zacks Research upgraded shares of Agri Bank China (OTCMKTS:ACGBY) to a hold rating in a research note released on Thursday,Zacks.com reports.

Agri Bank China Trading Up 0.9%

ACGBY stock opened at $19.68 on Thursday. The company’s 50-day simple moving average is $17.60 and its 200-day simple moving average is $18.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. Agri Bank China has a 52-week low of $14.62 and a 52-week high of $21.00. The firm has a market cap of $275.51 billion, a P/E ratio of 7.26 and a beta of 0.03.

Agri Bank China (OTCMKTS:ACGBY) last posted its earnings results on Monday, March 30th. The company reported $0.67 earnings per share (EPS) for the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.35%. The business had revenue of $24.59 billion for the quarter. As a group, equities analysts forecast that Agri Bank China will post 3.02 EPS for the current fiscal year.

Agri Bank China Company Profile

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.