Zacks Research Downgrades PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) to Strong Sell

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

PT Bank Negara Indonesia (Persero) Tbk Stock Up 11.5%

OTCMKTS:PTBRY opened at $10.09 on Monday. PT Bank Negara Indonesia has a twelve month low of $8.38 and a twelve month high of $15.49. The stock’s 50-day simple moving average is $10.45 and its 200 day simple moving average is $11.97.

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.