China Construction Bank (OTCMKTS:CICHY) Stock Rating Upgraded by Zacks Research

China Construction Bank (OTCMKTS:CICHY) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

China Construction Bank Price Performance

Shares of China Construction Bank stock opened at $19.55 on Monday. The stock has a market cap of $244.39 billion, a P/E ratio of 5.43 and a beta of 0.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s fifty day moving average is $20.36 and its 200 day moving average is $20.11. China Construction Bank has a one year low of $14.75 and a one year high of $22.27.

China Construction Bank (OTCMKTS:CICHY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. The business had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.44 billion. China Construction Bank had a return on equity of 9.81% and a net margin of 25.63%.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.