Oversea-Chinese Banking (OTCMKTS:OVCHY – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.
Oversea-Chinese Banking Trading Down 0.2%
Shares of OVCHY stock opened at $31.42 on Wednesday. Oversea-Chinese Banking has a fifty-two week low of $20.70 and a fifty-two week high of $33.31. The stock has a 50 day moving average price of $29.63 and a two-hundred day moving average price of $27.35.
About Oversea-Chinese Banking
Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.
The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.
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