Ping An Insurance Co. of China (OTCMKTS:PNGAY) Lowered to “Strong Sell” Rating by Zacks Research

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

Ping An Insurance Co. of China Trading Up 2.6%

Shares of OTCMKTS:PNGAY opened at $15.93 on Tuesday. The company has a market capitalization of $145.60 billion, a price-to-earnings ratio of 7.77 and a beta of 0.30. Ping An Insurance Co. of China has a 12-month low of $10.07 and a 12-month high of $18.92. The business has a 50-day moving average price of $16.85 and a 200 day moving average price of $15.97.

Ping An Insurance Co. of China (OTCMKTS:PNGAY) last posted its earnings results on Thursday, March 26th. The company reported $0.03 EPS for the quarter. The company had revenue of $33.66 billion for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.00%. As a group, equities research analysts predict that Ping An Insurance Co. of China will post 2.12 earnings per share for the current fiscal 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.