BDO Unibank (OTCMKTS:BDOUY) Sees Large Volume Increase – What’s Next?

Shares of BDO Unibank, Inc. (OTCMKTS:BDOUY) saw an uptick in trading volume on Tuesday . Approximately 195,372 shares changed hands during trading, an increase of 219% from the previous session’s volume of 61,218 shares.The stock last traded at $18.1645 and had previously closed at $18.39.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Zacks Research raised BDO Unibank from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. The Goldman Sachs Group lowered shares of BDO Unibank to a “neutral” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BDO Unibank has a consensus rating of “Hold”.

BDO Unibank Price Performance

The firm’s 50 day moving average price is $20.00 and its 200-day moving average price is $20.08.

About BDO Unibank

BDO Unibank, Inc is a Philippine universal bank headquartered in Makati City, Philippines. The company provides a broad range of financial services to individuals, businesses, institutions and government clients through its banking operations and related subsidiaries.

Its principal activities include retail and commercial banking, corporate lending, investment banking, treasury services, trust and wealth management, cash management, remittances, and credit and debit card services. BDO also offers deposit products, consumer loans, home and auto financing, insurance-related services and other financial solutions through its branch, digital and electronic banking channels.

The bank traces its origins to the establishment of Banco de Oro as a thrift bank in 1968.