Zacks Research Downgrades Agri Bank China (OTCMKTS:ACGBY) to Hold

Agri Bank China (OTCMKTS:ACGBY – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Separately, Citigroup downgraded shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Agri Bank China has a consensus rating of “Hold”.

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Agri Bank China Stock Up 2.8%

Shares of ACGBY stock opened at $20.69 on Monday. The firm’s fifty day moving average price is $18.61 and its two-hundred day moving average price is $18.30. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.87. Agri Bank China has a 1 year low of $15.85 and a 1 year high of $21.00. The firm has a market capitalization of $289.65 billion, a P/E ratio of 7.44 and a beta of 0.10.

Agri Bank China Company Profile

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Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.

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