Ping An Insurance Co. of China (OTCMKTS:PNGAY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Ping An Insurance Co. of China (OTCMKTS:PNGAY) from a strong sell rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Ping An Insurance Co. of China Price Performance

PNGAY stock opened at $16.65 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 0.93. Ping An Insurance Co. of China has a 52 week low of $11.50 and a 52 week high of $18.92. The firm’s fifty day moving average is $15.97 and its 200 day moving average is $16.30. The firm has a market cap of $152.18 billion, a P/E ratio of 8.28 and a beta of 0.35.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last released its earnings results on Tuesday, April 28th. The company reported $0.62 EPS for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.91%. The company had revenue of $34.43 billion for the quarter. Research analysts predict that Ping An Insurance Co. of China will post 2.33 earnings per share for the current year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.