Zacks Investment Research lowered shares of Hang Seng Bank Ltd. (NASDAQ:HSNGY) from a buy rating to a hold rating in a research note issued to investors on Monday.

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) opened at 23.18 on Monday. The company’s 50 day moving average price is $22.41 and its 200-day moving average price is $20.99. Hang Seng Bank has a one year low of $17.69 and a one year high of $23.38. The company has a market cap of $44.32 billion and a P/E ratio of 19.59.

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Hang Seng Bank Company Profile

Hang Seng Bank Limited (the Bank) is engaged in retail banking and wealth management, commercial banking, global banking and markets, and private banking. The Bank also offers a range of renminbi services. The Bank’s segments include Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets, and Other.

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