Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as $20.00 and last traded at $19.89, with a volume of 5,208 shares. The stock had previously closed at $19.44.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Industrial & Commercial Bank of China Ltd. to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Report on IDCBY
Industrial & Commercial Bank of China Ltd. Price Performance
The stock has a market cap of $354.09 billion, a PE ratio of 6.90 and a beta of 0.09. The firm has a 50-day moving average of $19.23 and a 200-day moving average of $17.75. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.86 and a quick ratio of 0.86.
Industrial & Commercial Bank of China Ltd. Company Profile
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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