Agri Bank China (OTCMKTS:ACGBY) Rating Lowered to “Hold” at Zacks Research

Agri Bank China (OTCMKTS:ACGBY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Citigroup cut Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Agri Bank China has a consensus rating of “Hold”.

Agri Bank China Stock Up 2.8%

Shares of ACGBY opened at $20.69 on Monday. Agri Bank China has a 52 week low of $15.85 and a 52 week high of $21.00. The firm has a market cap of $289.65 billion, a P/E ratio of 7.44 and a beta of 0.10. The firm’s 50-day simple moving average is $18.61 and its 200 day simple moving average is $18.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.87 and a current ratio of 0.87.

About Agri Bank China

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.