Agri Bank China (OTCMKTS:ACGBY) Rating Lowered to Hold at Zacks Research

Agri Bank China (OTCMKTS:ACGBY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Citigroup downgraded shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Agri Bank China Price Performance

Shares of OTCMKTS ACGBY opened at $20.69 on Monday. The stock’s 50-day simple moving average is $18.61 and its 200-day simple moving average is $18.30. The firm has a market capitalization of $289.65 billion, a PE ratio of 7.44 and a beta of 0.10. Agri Bank China has a fifty-two week low of $15.85 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.87 and a current ratio of 0.87.

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.