Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Rating Lowered by Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Ping An Insurance Co. of China Stock Up 2.6%

Shares of OTCMKTS:PNGAY opened at $15.93 on Tuesday. The firm has a market cap of $145.60 billion, a P/E ratio of 7.77 and a beta of 0.30. Ping An Insurance Co. of China has a 12-month low of $10.07 and a 12-month high of $18.92. The business has a fifty day simple moving average of $16.85 and a 200 day simple moving average of $15.97.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last announced its earnings results on Thursday, March 26th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $33.66 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 10.00% and a net margin of 11.80%. As a group, equities research analysts expect that Ping An Insurance Co. of China will post 2.12 EPS for the current year.

Ping An Insurance Co. of China Company Profile

Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.