Bank of East Asia (OTCMKTS:BKEAY) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Bank of East Asia (OTCMKTS:BKEAY) from a sell rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “

Separately, CICC Research lowered Bank of East Asia from a hold rating to a sell rating in a report on Thursday, June 13th.

Shares of BKEAY stock opened at $2.64 on Tuesday. The stock’s 50-day moving average is $2.77 and its two-hundred day moving average is $3.09. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 10.15 and a beta of 0.94. Bank of East Asia has a 1 year low of $2.52 and a 1 year high of $3.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.94 and a current ratio of 0.94.

Bank of East Asia Company Profile

The Bank of East Asia, Limited provides various banking and related financial services. It operates through eight segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Financial Institutions, Others, Mainland China Operations, and Overseas Operations. The company offers various commercial and personal banking, financial, and insurance services.

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