Bank of East Asia (OTCMKTS:BKEAY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Bank of East Asia (OTCMKTS:BKEAY) from a buy rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “

Separately, Citigroup raised Bank of East Asia from a sell rating to a buy rating in a research report on Thursday, March 5th.

Shares of OTCMKTS BKEAY remained flat at $$1.86 during trading hours on Thursday. The company had a trading volume of 21 shares, compared to its average volume of 1,278. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 0.33 and a beta of 0.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85. Bank of East Asia has a 1 year low of $1.80 and a 1 year high of $3.19. The business’s fifty day simple moving average is $2.00 and its 200-day simple moving average is $2.18.

Bank of East Asia Company Profile

The Bank of East Asia, Limited provides various banking and related financial services. It operates through eight segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Financial Institutions, Others, Mainland China Operations, and Overseas Operations. The company offers various commercial and personal banking, financial, and insurance services.

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