Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report)’s share price gapped up before the market opened on Friday. The stock had previously closed at $45.3550, but opened at $47.15. Oversea-Chinese Banking shares last traded at $45.2050, with a volume of 1,621 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Oversea-Chinese Banking from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.
View Our Latest Analysis on Oversea-Chinese Banking
Oversea-Chinese Banking Stock Down 0.2%
The stock’s fifty day moving average is $48.64 and its 200-day moving average is $42.46.
Oversea-Chinese Banking Company Profile
Oversea-Chinese Banking Corporation Limited (OCBC) is a Singapore-based financial services group that provides banking, wealth management and insurance services to individuals, businesses and institutions. Its offerings include current and savings accounts, consumer and commercial loans, mortgages, credit cards, trade finance, transaction banking, treasury services and investment products.
Through its banking operations, OCBC serves retail, small-business, corporate and institutional customers.
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