HANG SENG BK LT/S (OTCMKTS:HSNGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our customers. “

A number of other brokerages have also issued reports on HSNGY. UBS Group raised shares of HANG SENG BK LT/S from a “neutral” rating to a “buy” rating in a report on Friday, March 22nd. Goldman Sachs Group lowered shares of HANG SENG BK LT/S from a “buy” rating to a “neutral” rating in a report on Thursday, January 17th.

Shares of HSNGY opened at $26.55 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.02. HANG SENG BK LT/S has a 1 year low of $21.13 and a 1 year high of $27.76. The company has a market cap of $50.45 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 8.51 and a beta of 0.75.

HANG SENG BK LT/S Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally. It operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other.

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