Bank of Communications (OTCMKTS:BCMXY) Upgraded at Zacks Research

Zacks Research upgraded shares of Bank of Communications (OTCMKTS:BCMXY) to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Bank of Communications Price Performance

BCMXY stock opened at $22.00 on Thursday. Bank of Communications has a twelve month low of $19.70 and a twelve month high of $25.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.70. The stock’s 50 day moving average is $21.12 and its 200-day moving average is $22.05. The firm has a market capitalization of $65.35 billion, a PE ratio of 5.87 and a beta of -0.17.

Bank of Communications (OTCMKTS:BCMXY) last posted its earnings results on Friday, March 27th. The bank reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). Bank of Communications had a net margin of 18.67% and a return on equity of 7.67%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.28 billion. Sell-side analysts expect that Bank of Communications will post 4.13 EPS for the current fiscal year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.