Standard Chartered (OTCMKTS:SCBFY) Upgraded to Hold at Zacks Research

Standard Chartered (OTCMKTS:SCBFY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Standard Chartered Trading Down 0.4%

Shares of SCBFY stock opened at $59.12 on Wednesday. Standard Chartered has a 12 month low of $40.19 and a 12 month high of $63.15. The stock has a 50-day moving average price of $58.54 and a 200 day moving average price of $53.61.

Standard Chartered Company Profile

Standard Chartered is an international banking group headquartered in London. The company provides financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East. The group traces its roots to two banks founded in the 19th century: the Chartered Bank of India, Australia and China, established in 1853, and the Standard Bank of British South Africa, established in 1862. The banks merged in 1969 to form Standard Chartered.