Ping An Insurance Co. of China (OTCMKTS:PNGAY) Stock Rating Lowered by Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Ping An Insurance Co. of China Trading Down 1.8%

OTCMKTS:PNGAY opened at $16.77 on Tuesday. The company has a market capitalization of $153.28 billion, a PE ratio of 7.87 and a beta of 0.26. Ping An Insurance Co. of China has a 52-week low of $9.90 and a 52-week high of $17.34. The stock’s 50 day moving average price is $15.45 and its 200 day moving average price is $14.34. The company has a quick ratio of 0.49, a current ratio of 0.48 and a debt-to-equity ratio of 0.67.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter. The company had revenue of $49.63 billion during the quarter. Ping An Insurance Co. of China had a return on equity of 10.48% and a net margin of 11.89%. On average, research analysts anticipate that Ping An Insurance Co. of China will post 2.12 EPS for the current year.

Ping An Insurance Co. of China Company Profile

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.