China CITIC Bank (OTCMKTS:CHCJY) Stock Rating Upgraded by Zacks Research

China CITIC Bank (OTCMKTS:CHCJY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

China CITIC Bank Price Performance

Shares of China CITIC Bank stock opened at $19.40 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $47.47 billion, a PE ratio of 5.74 and a beta of 0.32. The firm has a fifty day moving average price of $19.02 and a two-hundred day moving average price of $19.13. China CITIC Bank has a fifty-two week low of $15.92 and a fifty-two week high of $22.30.

China CITIC Bank (OTCMKTS:CHCJY) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.04 earnings per share (EPS) for the quarter. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.86 billion. China CITIC Bank had a net margin of 20.39% and a return on equity of 8.44%. Analysts expect that China CITIC Bank will post 3.88 EPS for the current year.

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.