HANG SENG BK LT/S (OTCMKTS:HSNGY) Stock Rating Upgraded by Zacks Investment Research

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Zacks Investment Research upgraded shares of HANG SENG BK LT/S (OTCMKTS:HSNGY) from a sell rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our customers. “

Separately, Citigroup raised shares of HANG SENG BK LT/S from a neutral rating to a buy rating in a research report on Thursday, August 8th.

Shares of HSNGY opened at $22.97 on Thursday. The firm has a market capitalization of $43.46 billion, a PE ratio of 14.45 and a beta of 0.77. The company’s 50-day moving average is $22.06 and its 200-day moving average is $24.41. HANG SENG BK LT/S has a fifty-two week low of $20.39 and a fifty-two week high of $27.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.83 and a quick ratio of 0.83.

About HANG SENG BK LT/S

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally. It operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other.

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