Agri Bank China (OTCMKTS:ACGBY) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of Agri Bank China (OTCMKTS:ACGBY) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks reports.

Separately, Citigroup downgraded shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Agri Bank China has an average rating of “Hold”.

Agri Bank China Stock Up 2.8%

Shares of OTCMKTS ACGBY opened at $20.69 on Monday. The stock has a market capitalization of $289.65 billion, a price-to-earnings ratio of 7.44 and a beta of 0.10. Agri Bank China has a 52 week low of $15.85 and a 52 week high of $21.00. The firm has a 50-day moving average price of $18.61 and a 200 day moving average price of $18.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.87.

Agri Bank China Company Profile

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.