Zacks Investment Research cut shares of United Overseas Bank (OTCMKTS:UOVEY) from a buy rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “UOB is a leading bank in Singapore that provides a wide range of financial services through its global network of over 500 offices in 18 countries and territories in Asia-Pacific, Western Europe and North America. It has banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and mainland China. UOB is committed to playing an active and meaningful role in the community with our focus on children, education and the arts. “

Shares of United Overseas Bank (OTCMKTS:UOVEY) opened at $38.67 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $33,926.23, a P/E ratio of 4.19, a PEG ratio of 4.10 and a beta of 1.37. United Overseas Bank has a 1-year low of $28.95 and a 1-year high of $43.71.

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About United Overseas Bank

United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors and property funds.

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