Standard Chartered (OTCMKTS:SCBFY) Rating Lowered to “Hold” at Zacks Research

Standard Chartered (OTCMKTS:SCBFY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Standard Chartered Trading Down 1.4%

Standard Chartered stock opened at $56.15 on Monday. Standard Chartered has a one year low of $34.97 and a one year high of $58.20. The stock has a fifty day moving average of $54.71 and a 200 day moving average of $50.35.

About Standard Chartered

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.