Published On: Fri, Sep 16th, 2016

The Bank of East Asia Ltd. (BKEAY) Upgraded to Hold by Zacks Investment Research

The Bank of East Asia Ltd. (NASDAQ:BKEAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “
Shares of The Bank of East Asia (NASDAQ:BKEAY) remained flat at $4.11 during midday trading on Friday. The firm has a market cap of $11.03 billion and a PE ratio of 23.22. The Bank of East Asia has a 12 month low of $2.59 and a 12 month high of $4.36. The company’s 50 day moving average is $4.15 and its 200 day moving average is $3.78.

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