ValuEngine Lowers Industrial & Cmrcl Bnk f China (OTCMKTS:IDCBY) to Sell

ValuEngine cut shares of Industrial & Cmrcl Bnk f China (OTCMKTS:IDCBY) from a hold rating to a sell rating in a report issued on Friday morning, ValuEngine reports.

Shares of IDCBY opened at $14.04 on Friday. The stock has a market cap of $249.66 billion, a price-to-earnings ratio of 5.64 and a beta of 1.02. Industrial & Cmrcl Bnk f China has a 12-month low of $12.88 and a 12-month high of $15.82. The firm has a 50-day moving average of $14.41.

The business also recently disclosed an annual dividend, which will be paid on Wednesday, August 7th. Investors of record on Tuesday, June 25th will be issued a $0.601 dividend. The ex-dividend date is Monday, June 24th. This represents a yield of 4.14%.

About Industrial & Cmrcl Bnk f China

Industrial and Commercial Bank of China Limited provides various banking products and services primarily in China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.

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