Bank of China (OTCMKTS:BACHY) Upgraded at Zacks Research

Zacks Research upgraded shares of Bank of China (OTCMKTS:BACHY) to a hold rating in a report issued on Thursday morning,Zacks.com reports.

Bank of China Trading Up 0.7%

Shares of Bank of China stock opened at $16.42 on Thursday. The firm has a market cap of $211.63 billion, a price-to-earnings ratio of 6.46 and a beta of 0.07. The business has a 50-day moving average price of $15.29 and a 200-day moving average price of $14.73. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Bank of China has a twelve month low of $12.95 and a twelve month high of $16.93.

Bank of China Company Profile

Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.