Zacks Research Downgrades PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) to Strong Sell

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

PT Bank Negara Indonesia (Persero) Tbk Stock Performance

Shares of OTCMKTS PTBRY opened at $10.09 on Monday. PT Bank Negara Indonesia has a one year low of $8.38 and a one year high of $15.49. The company’s fifty day moving average is $10.45 and its two-hundred day moving average is $11.97.

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.