Industrial & Commercial Bank of China Ltd. (IDCBY) Projected to Post Earnings on Friday

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) will likely be posting its results after the market closes on Friday, September 4th. Analysts expect the company to post earnings of $0.7220 per share and revenue of $32.3509 billion for the quarter.

Industrial & Commercial Bank of China Ltd. Trading Up 0.8%

Shares of OTCMKTS:IDCBY opened at $19.69 on Thursday. Industrial & Commercial Bank of China Ltd. has a 12-month low of $13.92 and a 12-month high of $20.00. The business has a 50 day moving average of $18.08 and a 200-day moving average of $17.56. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.81. The stock has a market cap of $350.88 billion, a PE ratio of 6.93 and a beta of 0.10.

Analysts Set New Price Targets

Separately, Zacks Research raised Industrial & Commercial Bank of China Ltd. from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Industrial & Commercial Bank of China Ltd. presently has a consensus rating of “Strong Buy”.

About Industrial & Commercial Bank of China Ltd.

Industrial & Commercial Bank of China Ltd. (ICBC) is a state-owned commercial bank headquartered in Beijing. Founded in 1984, ICBC has grown into one of the world’s largest banking institutions by total assets, operating a diversified financial services business that serves corporate, institutional and retail clients. The bank provides deposit-taking and lending, trade and transaction banking, treasury and markets services, as well as a range of payment and settlement solutions.

ICBC’s product and service offerings span corporate banking, retail banking, and investment banking, including corporate loans, supply?chain and trade finance, cash management, credit and debit cards, mortgages and consumer finance, wealth-management products, custody and asset-management services.