Bank of Communications (OTCMKTS:BCMXY) Reaches New 12-Month High – What’s Next?

Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $25.80 and last traded at $25.80, with a volume of 109 shares traded. The stock had previously closed at $21.60.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Bank of Communications to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Bank of Communications presently has an average rating of “Hold”.

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Bank of Communications Stock Performance

The firm has a market cap of $65.35 billion, a PE ratio of 6.01 and a beta of -0.09. The business has a 50-day simple moving average of $22.17 and a 200 day simple moving average of $22.32. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.94.

Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.02 billion. Bank of Communications had a return on equity of 7.66% and a net margin of 19.03%. Equities research analysts forecast that Bank of Communications Co. will post 4.13 EPS for the current year.

Bank of Communications Company Profile

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Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.

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