Ping An Insurance Co. of China (OTCMKTS:PNGAY) Upgraded to Strong-Buy at Zacks Research

Ping An Insurance Co. of China (OTCMKTS:PNGAY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Ping An Insurance Co. of China Stock Performance

Shares of PNGAY opened at $14.59 on Wednesday. The company has a 50-day simple moving average of $14.18 and a 200-day simple moving average of $15.74. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $133.35 billion, a PE ratio of 7.26 and a beta of 0.35. Ping An Insurance Co. of China has a 52-week low of $12.84 and a 52-week high of $18.92.

About Ping An Insurance Co. of China

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.