Standard Chartered (OTCMKTS:SCBFY) Raised to “Strong-Buy” at Zacks Research

Standard Chartered (OTCMKTS:SCBFY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Standard Chartered Trading Down 0.9%

OTCMKTS SCBFY opened at $53.77 on Thursday. Standard Chartered has a 12 month low of $32.35 and a 12 month high of $56.59. The company’s fifty day moving average price is $51.88 and its two-hundred day moving average price is $49.09.

About Standard Chartered

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.