Bank of Communications (OTCMKTS:BCMXY) Reaches New 1-Year High – Time to Buy?

Bank of Communications Co. (OTCMKTS:BCMXY) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $25.80 and last traded at $25.80, with a volume of 109 shares changing hands. The stock had previously closed at $21.60.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Bank of Communications to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Bank of Communications has an average rating of “Hold”.

Bank of Communications Stock Up 8.9%

The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50 day simple moving average of $22.12 and a 200-day simple moving average of $22.36. The firm has a market cap of $76.64 billion, a PE ratio of 7.05 and a beta of -0.09.

Bank of Communications (OTCMKTS:BCMXY) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.02 billion. Bank of Communications had a return on equity of 7.66% and a net margin of 19.03%. Sell-side analysts predict that Bank of Communications Co. 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.