China CITIC Bank (OTCMKTS:CHCJY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.
China CITIC Bank Price Performance
Shares of CHCJY stock opened at $21.19 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. China CITIC Bank has a 12-month low of $16.00 and a 12-month high of $22.30. The firm has a fifty day moving average of $18.94 and a 200-day moving average of $19.44. The firm has a market capitalization of $51.85 billion, a price-to-earnings ratio of 6.14 and a beta of 0.31.
China CITIC Bank (OTCMKTS:CHCJY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.79 EPS for the quarter. China CITIC Bank had a net margin of 20.81% and a return on equity of 8.54%. The business had revenue of $8.19 billion for the quarter, compared to analyst estimates of $8.27 billion. On average, equities research analysts forecast that China CITIC Bank will post 3.88 earnings per share for the current year.
About China CITIC Bank
China CITIC Bank Corporation Limited is a commercial bank headquartered in Beijing and a subsidiary of China CITIC Group Corporation. Established in 1987, it serves corporate, institutional and individual customers through a broad range of banking and financial services.
The bank’s business includes corporate lending, trade finance, settlement and cash-management services, investment banking, financial-market operations and asset management. For retail customers, China CITIC Bank provides deposits, consumer and residential loans, credit cards, wealth-management products, payments and other personal banking services.
China CITIC Bank operates throughout mainland China through its branch and service network and also maintains an international presence, including operations serving customers in Hong Kong and other overseas markets.
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