Hang Seng Bank Ltd. (NASDAQ:HSNGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Hang Seng Bank (NASDAQ:HSNGY) remained flat at $18.15 during trading on Wednesday. The stock has a market cap of $34.70 billion and a PE ratio of 17.78. Hang Seng Bank has a one year low of $15.58 and a one year high of $19.19. The firm’s 50 day moving average is $17.74 and its 200 day moving average is $17.51.

About Hang Seng Bank

Hang Seng Bank Limited (the Bank) is engaged in the provision of banking and related financial services. The Bank operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other. Retail Banking and Wealth Management segment offers a range of products and services to meet the personal banking, consumer lending and wealth management needs of individual customers.

5 Day Chart for NASDAQ:HSNGY

Get a free copy of the Zacks research report on Hang Seng Bank (HSNGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hang Seng Bank Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hang Seng Bank Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.