Bank of East Asia (OTCMKTS:BKEAY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Bank of East Asia (OTCMKTS:BKEAY) from a sell rating to a hold rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “

Separately, CICC Research cut Bank of East Asia from a hold rating to a sell rating in a report on Thursday, June 13th.

Shares of BKEAY stock opened at $2.53 on Tuesday. The stock has a fifty day moving average price of $2.77 and a 200 day moving average price of $3.09. The stock has a market cap of $7.55 billion, a PE ratio of 9.73 and a beta of 0.94. Bank of East Asia has a 1 year low of $2.52 and a 1 year high of $3.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.94 and a current ratio of 0.94.

Bank of East Asia Company Profile

The Bank of East Asia, Limited provides various banking and related financial services. It operates through eight segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Financial Institutions, Others, Mainland China Operations, and Overseas Operations. The company offers various commercial and personal banking, financial, and insurance services.

Read More: Limitations of the P/E Growth ratio

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