Zacks Research Upgrades PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) to “Hold”

PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

PT Bank Negara Indonesia (Persero) Tbk Price Performance

Shares of PTBRY stock opened at $10.70 on Monday. The stock’s fifty day moving average price is $9.82 and its two-hundred day moving average price is $10.97. PT Bank Negara Indonesia has a fifty-two week low of $8.38 and a fifty-two week high of $15.49.

About PT Bank Negara Indonesia (Persero) Tbk

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is one of Indonesia’s oldest and largest state-owned commercial banks. Established in 1946 shortly after the country’s independence, BNI was originally tasked with financing the fledgling republic’s economic development. Over the decades, it has grown into a diversified financial institution offering an array of banking services for retail, small and medium-sized enterprises (SMEs), corporates and institutional clients.

BNI’s core business activities encompass corporate and commercial banking, consumer and retail lending, trade finance, treasury and cash management, as well as wealth management products.