Bank of Communications (OTCMKTS:BCMXY) Hits New 12-Month Low – Should You Sell?

Bank of Communications Co. (OTCMKTS:BCMXY) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $19.89 and last traded at $19.89, with a volume of 194 shares. The stock had previously closed at $24.10.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Bank of Communications to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Bank of Communications Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.70. The stock has a 50 day moving average price of $22.66 and a two-hundred day moving average price of $22.13. The company has a market cap of $59.08 billion, a price-to-earnings ratio of 5.43 and a beta of -0.09.

Bank of Communications (OTCMKTS:BCMXY) last posted its earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.04). The firm had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.02 billion. Bank of Communications had a return on equity of 7.66% and a net margin of 19.03%. Analysts predict that Bank of Communications Co. will post 4.13 EPS for the current year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.