Bank of East Asia (OTCMKTS:BKEAY) Stock Rating Upgraded by Zacks Investment Research

Bank of East Asia (OTCMKTS:BKEAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “

Separately, CICC Research lowered shares of Bank of East Asia from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.

OTCMKTS:BKEAY traded down $0.07 during mid-day trading on Friday, reaching $2.81. 283 shares of the company were exchanged, compared to its average volume of 3,825. Bank of East Asia has a 12 month low of $2.62 and a 12 month high of $4.04. The firm’s fifty day moving average is $2.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $8.08 billion, a PE ratio of 10.81 and a beta of 0.91.

About Bank of East Asia

The Bank of East Asia, Limited provides various banking and related financial services. It operates through eight segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Financial Institutions, Others, Mainland China Operations, and Overseas Operations. The company offers various commercial and personal banking, financial, and insurance services.

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