United Overseas Bank (OTCMKTS:UOVEY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “UOB is a leading bank in Singapore that provides a wide range of financial services through its global network of over 500 offices in 18 countries and territories in Asia-Pacific, Western Europe and North America. It has banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and mainland China. UOB is committed to playing an active and meaningful role in the community with our focus on children, education and the arts. “

Separately, ValuEngine cut shares of United Overseas Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, May 29th.

OTCMKTS UOVEY traded up $0.39 on Tuesday, hitting $39.60. The company’s stock had a trading volume of 7,782 shares, compared to its average volume of 76,527. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.10 and a current ratio of 1.10. United Overseas Bank has a 1-year low of $34.11 and a 1-year high of $45.98. The stock has a market cap of $32.59 billion, a P/E ratio of 13.80 and a beta of 1.16.

United Overseas Bank Company Profile

United Overseas Bank Limited provides financial products and services. The company's Group Retail segment provides deposits, insurance, card, wealth management, investment, and loan and trade financing products for personal and small enterprise customers. Its Group Wholesale Banking segment provides financing, trade, cash management, capital markets solutions, and advisory and treasury products and services.

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