Oversea-Chinese Banking (OTCMKTS:OVCHY) Sets New 52-Week High – Time to Buy?

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.0950 and last traded at $29.0950, with a volume of 3104 shares changing hands. The stock had previously closed at $28.77.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Oversea-Chinese Banking from a “strong sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Check Out Our Latest Stock Report on OVCHY

Oversea-Chinese Banking Price Performance

The business has a 50 day moving average price of $26.12 and a 200 day moving average price of $25.87.

Oversea-Chinese Banking Company Profile

(Get Free Report)

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.

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