China CITIC Bank (OTCMKTS:CHCJY) Upgraded by Zacks Research to Strong-Buy Rating

China CITIC Bank (OTCMKTS:CHCJY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

China CITIC Bank Price Performance

Shares of China CITIC Bank stock opened at $19.40 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50-day simple moving average is $19.02 and its 200-day simple moving average is $19.13. China CITIC Bank has a twelve month low of $15.92 and a twelve month high of $22.30. The firm has a market cap of $47.47 billion, a P/E ratio of 5.74 and a beta of 0.32.

China CITIC Bank (OTCMKTS:CHCJY) last posted its earnings results on Tuesday, May 5th. The company reported $1.04 earnings per share for the quarter. China CITIC Bank had a net margin of 20.39% and a return on equity of 8.44%. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.86 billion. As a group, research analysts expect that China CITIC Bank will post 3.88 EPS for the current fiscal year.

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.