Agri Bank China (OTCMKTS:ACGBY) Stock Rated Hold in New Coverage at Zacks Research

Stock analysts at Zacks Research initiated coverage on shares of Agri Bank China (OTCMKTS:ACGBY) in a research note issued on Tuesday, Zacks reports. The brokerage set a “hold” rating on the stock.

Agri Bank China Trading Up 0.3%

Shares of OTCMKTS:ACGBY opened at $21.59 on Tuesday. The company has a 50 day moving average of $20.67 and a 200-day moving average of $18.74. The firm has a market cap of $302.32 billion, a P/E ratio of 7.47 and a beta of 0.10. Agri Bank China has a twelve month low of $15.85 and a twelve month high of $22.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08.

Agri Bank China (OTCMKTS:ACGBY) last posted its quarterly earnings data on Friday, August 28th. The company reported $0.73 EPS for the quarter. The business had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.06 billion. Agri Bank China had a net margin of 21.51% and a return on equity of 9.38%.

Agri Bank China Company Profile

Agricultural Bank of China Limited, also known as AgBank, is a major commercial bank headquartered in Beijing, China. Established in 1951, the bank has historically focused on supporting China’s agricultural sector and rural communities while expanding into a full-service financial institution serving individuals, businesses and government-related organizations.

The bank provides a broad range of services, including personal and corporate deposits and loans, payment and settlement services, wealth management, credit cards, investment banking, custody, foreign-exchange services and other financial products.