Zacks Research upgraded shares of China Minsheng (OTCMKTS:CMAKY – Free Report) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.
China Minsheng Trading Up 8.4%
Shares of China Minsheng stock opened at $4.78 on Thursday. The company has a 50 day moving average of $4.26 and a 200-day moving average of $4.59. China Minsheng has a 1-year low of $3.91 and a 1-year high of $6.67. The company has a market cap of $20.93 billion, a PE ratio of 5.56 and a beta of 0.30.
About China Minsheng
China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.
In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.
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