Bank of Communications (OTCMKTS:BCMXY) Sets New 52-Week Low – Here’s Why

Shares of Bank of Communications Co. (OTCMKTS:BCMXY) reached a new 52-week low on Tuesday . The company traded as low as $19.89 and last traded at $19.89, with a volume of 194 shares trading hands. The stock had previously closed at $24.10.

Analyst Upgrades and Downgrades

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

Bank of Communications Stock Performance

The company has a market cap of $61.19 billion, a P/E ratio of 5.63 and a beta of -0.06. The firm has a 50 day moving average of $22.60 and a 200-day moving average of $22.07. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.70.

Bank of Communications (OTCMKTS:BCMXY) last issued its earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.02 billion. As a group, sell-side analysts anticipate that Bank of Communications Co. will post 4.13 EPS for the current fiscal year.

About Bank of Communications

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.