BOC Hong Kong (BHKLY) Projected to Post Earnings on Friday

BOC Hong Kong (OTCMKTS:BHKLY) is expected to be issuing its results after the market closes on Friday, August 28th. Analysts expect the company to post earnings of $5.57 per share and revenue of $5.0495 billion for the quarter.

BOC Hong Kong Price Performance

Shares of BHKLY opened at $129.03 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. BOC Hong Kong has a twelve month low of $88.96 and a twelve month high of $134.62. The company has a 50 day moving average of $122.91 and a 200-day moving average of $116.69.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of BOC Hong Kong from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About BOC Hong Kong

BOC Hong Kong (OTCMKTS: BHKLY) is a Hong Kong-based banking group that operates as the Hong Kong subsidiary of Bank of China. The group is a licensed bank and one of the territory’s note-issuing banks, participating in the issuance of Hong Kong dollar banknotes. It provides a broad range of banking and financial services to retail, corporate and institutional clients, positioning itself as a major participant in Hong Kong’s financial services sector.

BOC Hong Kong’s businesses include retail banking services such as deposit accounts, mortgages, personal loans and credit cards, together with wealth management and private banking solutions.