China Merchants Bank (OTCMKTS:CIHKY) Upgraded at Zacks Research

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

China Merchants Bank Trading Down 1.1%

OTCMKTS CIHKY opened at $32.12 on Thursday. The company has a market capitalization of $162.00 billion, a price-to-earnings ratio of 8.09 and a beta of 0.27. China Merchants Bank has a twelve month low of $26.56 and a twelve month high of $37.15. The stock’s 50-day simple moving average is $31.61 and its two-hundred day simple moving average is $31.97. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.12.

China Merchants Bank (OTCMKTS:CIHKY) last posted its quarterly earnings results on Friday, March 27th. The company reported $0.90 earnings per share for the quarter. The firm had revenue of $12.01 billion for the quarter. China Merchants Bank had a net margin of 32.75% and a return on equity of 12.10%. Research analysts forecast that China Merchants Bank will post 4.5 EPS for the current fiscal year.

About China Merchants Bank

China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.