Zacks Investment Research upgraded shares of Bank of East Asia Ltd (NASDAQ:BKEAY) from a sell rating to a buy rating in a report released on Monday morning. The firm currently has $4.75 target price on the bank’s stock.

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. “

Bank of East Asia (NASDAQ:BKEAY) opened at 4.23 on Monday. The firm has a market cap of $11.52 billion and a P/E ratio of 12.16. The stock’s 50 day moving average is $4.39 and its 200 day moving average is $4.20. Bank of East Asia has a 12-month low of $3.75 and a 12-month high of $4.61.

ILLEGAL ACTIVITY NOTICE: “Bank of East Asia Ltd (BKEAY) Raised to Buy at Zacks Investment Research” was originally reported by Marea Informative and is owned by of Marea Informative. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at http://www.mareainformativa.com/bank-of-east-asia-ltd-bkeay-raised-to-buy-at-zacks-investment-research/116923/.

Bank of East Asia Company Profile

Get a free copy of the Zacks research report on Bank of East Asia (BKEAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Bank of East Asia Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of East Asia Ltd and related stocks with our FREE daily email newsletter.