United Overseas Bank Ltd (UOVEY) Downgraded by Zacks Investment Research to “Hold”
United Overseas Bank Ltd (NASDAQ:UOVEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “UOB is a leading bank in Singapore that provides a wide range of financial services through its global network of over 500 offices in 18 countries and territories in Asia-Pacific, Western Europe and North America. It has banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and mainland China. UOB is committed to playing an active and meaningful role in the community with our focus on children, education and the arts. “
Shares of United Overseas Bank (NASDAQ:UOVEY) traded up 1.09% during mid-day trading on Tuesday, reaching $27.94. 15,858 shares of the company were exchanged. The company’s 50 day moving average price is $26.74 and its 200 day moving average price is $27.15. The firm has a market capitalization of $22.45 billion and a PE ratio of 9.89. United Overseas Bank has a 12 month low of $23.41 and a 12 month high of $29.89.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/united-overseas-bank-ltd-uovey-downgraded-by-zacks-investment-research-to-hold.html
About United Overseas Bank
United Overseas Bank Limited is a bank in Asia. The Company provides a range of financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB) and Global Markets and Investment Management (GMIM), and Others. The GR segment covers Consumer, Privilege, Business and Private Banking.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Overseas Bank Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Overseas Bank Ltd and related companies with MarketBeat.com's FREE daily email newsletter.