China CITIC Bank (OTCMKTS:CHCJY) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of China CITIC Bank (OTCMKTS:CHCJY) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks reports.

China CITIC Bank Price Performance

CHCJY stock opened at $21.19 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average is $18.94 and its two-hundred day moving average is $19.44. The company has a market capitalization of $51.85 billion, a PE ratio of 6.14 and a beta of 0.31. China CITIC Bank has a 52-week low of $16.00 and a 52-week high of $22.30.

China CITIC Bank (OTCMKTS:CHCJY) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.79 EPS for the quarter. The business had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.27 billion. China CITIC Bank had a return on equity of 8.54% and a net margin of 20.81%. Analysts predict that China CITIC Bank will post 3.88 earnings per share for the current fiscal year.

China CITIC Bank Company Profile

China CITIC Bank Corporation Limited is a commercial bank headquartered in Beijing and a subsidiary of China CITIC Group Corporation. Established in 1987, it serves corporate, institutional and individual customers through a broad range of banking and financial services.

The bank’s business includes corporate lending, trade finance, settlement and cash-management services, investment banking, financial-market operations and asset management. For retail customers, China CITIC Bank provides deposits, consumer and residential loans, credit cards, wealth-management products, payments and other personal banking services.

China CITIC Bank operates throughout mainland China through its branch and service network and also maintains an international presence, including operations serving customers in Hong Kong and other overseas markets.