Agri Bank China (OTCMKTS:ACGBY) Upgraded by Zacks Research to “Strong-Buy” Rating

Agri Bank China (OTCMKTS:ACGBY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Citigroup cut shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Agri Bank China Price Performance

ACGBY opened at $17.94 on Tuesday. The stock’s 50 day moving average price is $18.46 and its 200-day moving average price is $17.96. Agri Bank China has a 52-week low of $15.85 and a 52-week high of $21.00. The stock has a market capitalization of $251.15 billion, a PE ratio of 6.45 and a beta of 0.11. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.22 and a current ratio of 1.22.

Agri Bank China Company Profile

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.