OVERSEA-CHINESE/ADR (OTCMKTS:OVCHY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of OVERSEA-CHINESE/ADR (OTCMKTS:OVCHY) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Oversea-Chinese Banking Corp. Ltd. is a commercial bank. It offers both financial and banking services. The bank’s segments comprises The Global Consumer/Private Banking segment which offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. The Global Corporate/Investment Banking segment provides project financing, overdrafts, deposit accounts, trade financing, syndicated loans, advisory services, and cash management. The Global Treasury and Markets segment deals with foreign exchange rates, money market, fixed income and derivatives trading. The Insurance segment offers fund management as well as life and general insurance. The OCBC Wing Hang segment engages in commercial banking activities. The Others segment includes property and investment holding operations. Oversea-Chinese Banking Corp. Ltd is headquartered in Singapore. “

Separately, ValuEngine upgraded shares of OVERSEA-CHINESE/ADR from a sell rating to a hold rating in a research report on Tuesday, December 3rd.

Shares of OVERSEA-CHINESE/ADR stock opened at $15.94 on Tuesday. The firm has a fifty day moving average of $16.12 and a two-hundred day moving average of $15.92. The stock has a market capitalization of $33.78 billion, a price-to-earnings ratio of 10.35 and a beta of 0.71. OVERSEA-CHINESE/ADR has a 52 week low of $14.71 and a 52 week high of $18.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 0.92.

About OVERSEA-CHINESE/ADR

Oversea-Chinese Banking Corporation Limited provides financial services in Singapore, Malaysia, Indonesia, Greater China, other parts 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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