Agri Bank China (OTCMKTS:ACGBY) Raised to “Strong-Buy” at Zacks Research

Agri Bank China (OTCMKTS:ACGBY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Separately, Citigroup lowered shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Agri Bank China presently has an average rating of “Buy”.

Agri Bank China Stock Performance

OTCMKTS:ACGBY opened at $17.94 on Tuesday. The firm has a market capitalization of $251.15 billion, a PE ratio of 6.45 and a beta of 0.11. The stock’s fifty day moving average is $18.46 and its 200 day moving average is $17.96. Agri Bank China has a fifty-two week low of $15.85 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.22 and a current ratio of 1.22.

About Agri Bank China

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.