PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) from a strong sell rating to a hold rating in a report published on Monday,Zacks reports.

PT Bank Negara Indonesia (Persero) Tbk Price Performance

Shares of PTBRY opened at $10.70 on Monday. PT Bank Negara Indonesia has a 52 week low of $8.38 and a 52 week high of $15.49. The stock has a 50 day moving average price of $9.82 and a two-hundred day moving average price of $10.97.

PT Bank Negara Indonesia (Persero) Tbk Company Profile

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is one of Indonesia’s oldest and largest state-owned commercial banks. Established in 1946 shortly after the country’s independence, BNI was originally tasked with financing the fledgling republic’s economic development. Over the decades, it has grown into a diversified financial institution offering an array of banking services for retail, small and medium-sized enterprises (SMEs), corporates and institutional clients.

BNI’s core business activities encompass corporate and commercial banking, consumer and retail lending, trade finance, treasury and cash management, as well as wealth management products.