HANG SENG BK LT/S (OTCMKTS:HSNGY) Lifted to Hold at 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 released on Tuesday, 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 raised HANG SENG BK LT/S from a neutral rating to a buy rating in a report on Thursday, August 8th.

Shares of HSNGY opened at $21.04 on Tuesday. The stock’s 50-day simple moving average is $23.98 and its 200 day simple moving average is $24.70. The stock has a market capitalization of $40.15 billion, a price-to-earnings ratio of 13.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.83 and a current ratio of 0.83. HANG SENG BK LT/S has a 52-week low of $20.60 and a 52-week high of $27.65.

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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