Oversea-Chinese Banking (OTCMKTS:OVCHY) Reaches New 12-Month High – Here’s Why

Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHYGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.41 and last traded at $31.41, with a volume of 10635 shares. The stock had previously closed at $29.94.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Oversea-Chinese Banking from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Oversea-Chinese Banking currently has a consensus rating of “Hold”.

Read Our Latest Analysis on OVCHY

Oversea-Chinese Banking Stock Up 2.1%

The firm has a 50 day moving average price of $27.64 and a 200-day moving average price of $26.57.

About Oversea-Chinese Banking

(Get Free Report)

Oversea-Chinese Banking Corporation Limited engages in the provision of financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally. The company's Global Consumer/Private Banking segment provides products and services to individual customers, including checking accounts, and savings and fixed deposits; housing and other personal loans; credit cards; wealth management products consisting of unit trusts, banc assurance products, and structured deposits; and brokerage services.

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