HANG SENG BK LT/S (OTCMKTS:HSNGY) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of HANG SENG BK LT/S (OTCMKTS:HSNGY) from a hold rating to a sell rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our customers. “

Separately, Citigroup upgraded HANG SENG BK LT/S from a neutral rating to a buy rating in a research note on Thursday, August 8th.

Shares of HANG SENG BK LT/S stock opened at $22.00 on Thursday. HANG SENG BK LT/S has a 12-month low of $20.39 and a 12-month high of $27.65. The stock has a market cap of $42.37 billion, a P/E ratio of 13.83 and a beta of 0.77. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $21.76 and its 200-day moving average is $24.34.

About HANG SENG BK LT/S

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally. It operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other.

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