BDO Unibank (OTCMKTS:BDOUY) Stock Jumps 1% – Still a Buy?

Shares of BDO Unibank, Inc. (OTCMKTS:BDOUY) traded up 1% during mid-day trading on Friday. The stock traded as high as $20.16 and last traded at $19.80. 107,797 shares traded hands during trading, an increase of 17% from the average daily volume of 92,101 shares. The stock had previously closed at $19.60.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research upgraded BDO Unibank from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. The Goldman Sachs Group lowered BDO Unibank to a “neutral” rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

BDO Unibank Price Performance

The company’s 50-day moving average price is $18.34 and its two-hundred day moving average price is $20.18.

BDO Unibank Company Profile

BDO Unibank, Inc is a full-service commercial bank headquartered in the Philippines. The bank serves individual, business and institutional customers through a broad range of financial services, including deposit accounts, consumer and business lending, cash management, remittances, foreign exchange, treasury services and electronic banking.

Through its banking and financial-services subsidiaries, BDO also provides investment banking, trust and wealth management, securities brokerage, insurance-related products and leasing services.