Hang Seng Bank Ltd. (NASDAQ:HSNGY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Hang Seng Bank Ltd. (NASDAQ:HSNGY) from a buy rating to a hold rating in a report issued on Monday, September 11th.

According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our customers. “

Shares of Hang Seng Bank (NASDAQ:HSNGY) remained flat at $23.18 during midday trading on Monday. The stock had a trading volume of 11 shares. The company’s 50 day moving average is $22.61 and its 200 day moving average is $21.08. The company has a market capitalization of $44.32 billion and a price-to-earnings ratio of 19.59. Hang Seng Bank has a 1-year low of $17.69 and a 1-year high of $23.38.

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Hang Seng Bank Company Profile

Hang Seng Bank Limited (the Bank) is engaged in retail banking and wealth management, commercial banking, global banking and markets, and private banking. The Bank also offers a range of renminbi services. The Bank’s segments include Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets, and Other.

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