Zacks Research cut shares of Standard Chartered (OTCMKTS:SCBFY – Free Report) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks reports.
Standard Chartered Stock Down 3.0%
OTCMKTS SCBFY opened at $55.78 on Tuesday. Standard Chartered has a 52 week low of $37.32 and a 52 week high of $63.15. The stock’s 50-day moving average price is $60.09 and its 200-day moving average price is $55.06.
About Standard Chartered
Standard Chartered PLC is an international banking group headquartered in London, with a strong focus on markets across Asia, Africa and the Middle East. The group serves individuals, businesses, financial institutions and governments through operations spanning a broad network of developed and emerging economies.
The company provides corporate and institutional banking, commercial banking, retail banking, private banking and wealth management services. Its offerings include lending, deposits, transaction banking, trade finance, cash management, foreign exchange, capital markets, investment banking, investment management and digital banking solutions.
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