China Construction Bank (OTCMKTS:CICHY) Issues Quarterly Earnings Results

China Construction Bank (OTCMKTS:CICHY) posted its quarterly earnings results on Friday. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01, Zacks reports. China Construction Bank had a return on equity of 9.81% and a net margin of 25.63%.The company had revenue of $26.13 billion during the quarter, compared to analysts’ expectations of $24.24 billion.

China Construction Bank Trading Up 2.4%

OTCMKTS CICHY opened at $20.86 on Friday. The firm has a market capitalization of $272.85 billion, a price-to-earnings ratio of 5.76 and a beta of 0.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. China Construction Bank has a one year low of $15.31 and a one year high of $22.27. The company’s 50 day moving average price is $20.30 and its 200 day moving average price is $20.07.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of China Construction Bank to a “hold” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

About China Construction Bank

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.