HANG SENG BK LT/S (OTCMKTS:HSNGY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of HANG SENG BK LT/S (OTCMKTS:HSNGY) from a sell rating to a hold rating in a research report report published on Thursday morning, 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. “

Separately, Citigroup upgraded HANG SENG BK LT/S from a neutral rating to a buy rating in a report on Thursday, August 8th.

Shares of HSNGY traded up $0.08 on Thursday, reaching $22.81. The stock had a trading volume of 7,398 shares, compared to its average volume of 20,922. The firm has a market capitalization of $43.61 billion, a PE ratio of 14.35 and a beta of 0.77. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $22.10 and a 200 day moving average of $24.42. HANG SENG BK LT/S has a twelve month low of $20.39 and a twelve month high of $27.65.

About HANG SENG BK LT/S

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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