China Construction Bank (OTCMKTS:CICHY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of China Construction Bank (OTCMKTS:CICHY) to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

China Construction Bank Stock Up 0.8%

Shares of CICHY stock opened at $19.55 on Monday. China Construction Bank has a 12 month low of $14.75 and a 12 month high of $22.27. The firm has a market cap of $244.39 billion, a PE ratio of 5.43 and a beta of 0.11. The stock has a 50 day moving average of $20.36 and a 200-day moving average of $20.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73.

China Construction Bank (OTCMKTS:CICHY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. China Construction Bank had a net margin of 25.63% and a return on equity of 9.81%. The business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.44 billion.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.