Standard Chartered (OTCMKTS:SCBFY) Stock Rating Cut to Strong Sell at Zacks Research

Standard Chartered (OTCMKTS:SCBFY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Standard Chartered Stock Down 3.0%

SCBFY stock opened at $55.78 on Tuesday. The stock has a 50-day simple moving average of $60.09 and a two-hundred day simple moving average of $55.06. Standard Chartered has a twelve month low of $37.32 and a twelve month high of $63.15.

Standard Chartered Company Profile

Standard Chartered PLC is an international banking group headquartered in London, with a strong focus on markets across Asia, Africa and the Middle East. The group serves individuals, businesses, financial institutions and governments through operations spanning a broad network of developed and emerging economies.

The company provides corporate and institutional banking, commercial banking, retail banking, private banking and wealth management services. Its offerings include lending, deposits, transaction banking, trade finance, cash management, foreign exchange, capital markets, investment banking, investment management and digital banking solutions.