China CITIC Bank (OTCMKTS:CHCJY) Downgraded by Zacks Research to “Hold”

China CITIC Bank (OTCMKTS:CHCJY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

China CITIC Bank Price Performance

China CITIC Bank stock opened at $21.19 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. China CITIC Bank has a 52-week low of $16.00 and a 52-week high of $22.30. The firm has a market cap of $51.85 billion, a PE ratio of 6.14 and a beta of 0.31. The company’s 50 day moving average is $18.94 and its two-hundred day moving average is $19.44.

China CITIC Bank (OTCMKTS:CHCJY) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.79 earnings per share for the quarter. China CITIC Bank had a return on equity of 8.54% and a net margin of 20.81%.The business had revenue of $8.19 billion for the quarter, compared to analyst estimates of $8.27 billion. On average, research analysts expect that China CITIC Bank will post 3.88 EPS for the current fiscal year.

About China CITIC Bank

China CITIC Bank Corporation Limited is a commercial bank headquartered in Beijing and a subsidiary of China CITIC Group Corporation. Established in 1987, it serves corporate, institutional and individual customers through a broad range of banking and financial services.

The bank’s business includes corporate lending, trade finance, settlement and cash-management services, investment banking, financial-market operations and asset management. For retail customers, China CITIC Bank provides deposits, consumer and residential loans, credit cards, wealth-management products, payments and other personal banking services.

China CITIC Bank operates throughout mainland China through its branch and service network and also maintains an international presence, including operations serving customers in Hong Kong and other overseas markets.