BDO Unibank (OTCMKTS:BDOUY) Sees Large Volume Increase – Still a Buy?

BDO Unibank, Inc. (OTCMKTS:BDOUY) shares saw unusually-strong trading volume on Thursday . Approximately 50,575 shares changed hands during trading, a decline of 18% from the previous session’s volume of 61,344 shares.The stock last traded at $19.2050 and had previously closed at $19.15.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of BDO Unibank from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. The Goldman Sachs Group downgraded BDO Unibank to a “neutral” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

BDO Unibank Price Performance

The business’s 50-day simple moving average is $20.15 and its two-hundred day simple moving average is $20.33.

About BDO Unibank

BDO Unibank, Inc (OTCMKTS: BDOUY) is a universal bank in the Philippines providing a full range of banking and financial services to retail, corporate, and institutional clients. As one of the country’s largest banks by assets, BDO offers commercial banking, lending, deposit products, credit cards, cash management, and remittance services. The bank also delivers specialized solutions in corporate finance, project finance, and agricultural lending.

In addition to core banking operations, BDO maintains robust treasury and trust divisions that handle foreign exchange, money market transactions, and fiduciary services.