Shares of Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report) gapped up prior to trading on Monday after Zacks Research upgraded the stock to a hold rating. The stock had previously closed at $18.44, but opened at $19.18. Industrial & Commercial Bank of China Ltd. shares last traded at $18.78, with a volume of 4,638 shares changing hands.
Industrial & Commercial Bank of China Ltd. Trading Up 2.7%
The business’s 50-day moving average is $19.21 and its 200-day moving average is $17.73.
About Industrial & Commercial Bank of China Ltd.
Industrial & Commercial Bank of China Limited (OTCMKTS: IDCBY), commonly known as ICBC, is a China-based commercial bank headquartered in Beijing. Established in 1984, the bank provides financial services to corporations, government entities, financial institutions, small businesses and individual customers.
ICBC’s business includes corporate and personal deposits and lending, payment and settlement services, bank cards, trade finance, foreign-exchange services and wealth management.
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