China Merchants Bank (OTCMKTS:CIHKY) Stock Rating Updated by Zacks Investment Research

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China Merchants Bank (OTCMKTS: CIHKYGet a rating) has been updated by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released Thursday, Zacks.com reports.

According to Zacks, “China Merchants Bank Co., Ltd. provides corporate and personal banking products and services primarily in China. Its services include accepting deposits from the public, granting term loans, settlement, bill discounting, issuing financial bonds, underwriting and trading government bonds. It also provides interbank loans and borrowings, letters of credit and guarantees, collections and payments, insurance agency services, safekeeping services, foreign exchange transactions, international settlements, currency investments, acceptance and discounting of currency notes. In addition, he is involved in treasury activities for his own purposes and on behalf of clients. China Merchants Bank Co., Ltd. is headquartered in Shenzhen, China. “

Separately, Goldman Sachs Group downgraded China Merchants Bank from a “conviction buy” rating to a “neutral” rating in a Monday (May 9) report.

China Merchants Bank Stock opened at $26.93 on Thursday. The company’s fifty-day moving average price is $34.83 and its 200-day moving average price is $39.05. China Merchants Bank has a 1-year low of $26.00 and a 1-year high of $46.46. The stock has a market capitalization of $135.83 billion, a P/E ratio of 7.24 and a beta of 0.85. The company has a debt ratio of 0.54, a quick ratio of 0.86 and a current ratio of 0.92.

China Merchants Bank (OTCMKTS: CIHKYGet a rating) last released its quarterly results on Friday, April 22. The company reported earnings per share (EPS) of $1.13 for the quarter. The company posted revenue of $13.44 billion for the quarter. China Merchants Bank posted a net margin of 27.30% and a return on equity of 16.13%. Sell-side analysts expect China Merchants Bank to post year-to-date EPS of 0.33.

China Merchants Bank Company Profile (Get a rating)

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business and Other Business segments. The company offers current, demand, time, call, savings, notice and renminbi accounts. Its lending products include personal commercial real estate, consumer, housing and auto loans; loans to finance studies abroad; loans to micro-enterprises; equipment mortgages; joint surety, special surety and housing mortgage loan; banker’s acceptance, discount, liquid capital and capital loans; and loans for ships.

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