Ping An Insurance Co. of China (OTCMKTS:PNGAY) Upgraded to Strong-Buy at Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAYGet Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Ping An Insurance Co. of China Trading Down 0.4%

Shares of Ping An Insurance Co. of China stock opened at $14.59 on Wednesday. The firm has a market cap of $133.35 billion, a price-to-earnings ratio of 7.26 and a beta of 0.35. Ping An Insurance Co. of China has a 52-week low of $12.84 and a 52-week high of $18.92. The company’s 50-day simple moving average is $14.18 and its 200-day simple moving average is $15.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60.

Ping An Insurance Co. of China Company Profile

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Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country’s first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.

Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.

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