Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Rating Upgraded by Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Ping An Insurance Co. of China Price Performance

Shares of OTCMKTS PNGAY opened at $16.65 on Wednesday. The firm has a 50-day simple moving average of $15.97 and a 200-day simple moving average of $16.30. The stock has a market capitalization of $152.18 billion, a price-to-earnings ratio of 8.28 and a beta of 0.35. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. Ping An Insurance Co. of China has a 52 week low of $11.50 and a 52 week high of $18.92.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. The business had revenue of $34.43 billion during the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. On average, equities analysts predict that Ping An Insurance Co. of China will post 2.33 earnings per share for the current fiscal year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.