China Minsheng (OTCMKTS:CMAKY – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.
China Minsheng Stock Performance
OTCMKTS:CMAKY opened at $4.78 on Thursday. The stock’s fifty day moving average price is $4.26 and its two-hundred day moving average price is $4.59. China Minsheng has a 52-week low of $3.91 and a 52-week high of $6.67. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 5.56 and a beta of 0.30.
About China Minsheng
China Minsheng Banking Corp., Ltd. (OTCMKTS: CMAKY) is a commercial bank that provides a broad range of banking and financial services to corporate and individual customers in the People’s Republic of China. The bank’s product suite encompasses corporate lending, small- and medium-sized enterprise (SME) finance, retail banking products such as deposits and consumer loans, as well as trade finance and cash-management services for businesses.
In addition to traditional lending and deposit-taking, China Minsheng offers treasury and capital markets services, wealth management and private banking solutions, and asset-management products.
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