Bank of Communications (OTCMKTS:BCMXY) Hits New 52-Week High – What’s Next?

Bank of Communications Co. (OTCMKTS:BCMXY) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.80 and last traded at $25.80, with a volume of 109 shares changing hands. The stock had previously closed at $21.60.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Bank of Communications to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Bank of Communications Trading Up 8.9%

The firm has a market cap of $76.64 billion, a P/E ratio of 7.05 and a beta of -0.09. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50 day moving average of $22.12 and a 200 day moving average of $22.36.

Bank of Communications (OTCMKTS:BCMXY) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.04). The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.02 billion. Bank of Communications had a return on equity of 7.66% and a net margin of 19.03%. As a group, equities research analysts predict that Bank of Communications Co. will post 4.13 EPS for the current year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.