China Minsheng (OTCMKTS:CMAKY – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.
China Minsheng Stock Up 8.4%
Shares of CMAKY stock opened at $4.78 on Thursday. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 5.56 and a beta of 0.30. China Minsheng has a 12 month low of $3.91 and a 12 month high of $6.67. The stock has a 50-day moving average price of $4.26 and a 200 day moving average price of $4.59.
China Minsheng Company Profile
China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.
In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.
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