Bank of Communications (OTCMKTS:BCMXY) Shares Gap Up – Still a Buy?

Shares of Bank of Communications Co. (OTCMKTS:BCMXY) gapped up before the market opened on Friday . The stock had previously closed at $21.19, but opened at $25.11. Bank of Communications shares last traded at $25.11, with a volume of 198 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Bank of Communications to a “hold” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Bank of Communications Price Performance

The company’s 50 day simple moving average is $21.62 and its 200 day simple moving average is $21.55. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $74.59 billion, a P/E ratio of 6.86 and a beta of -0.09.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.