The Goldman Sachs Group Upgrades Hang Seng Bank (OTCMKTS:HSNGY) to Hold

Hang Seng Bank (OTCMKTS:HSNGY) was upgraded by stock analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Hang Seng Bank Stock Performance

Shares of OTCMKTS HSNGY opened at $13.63 on Wednesday. The firm has a 50 day moving average price of $12.35 and a 200 day moving average price of $12.16. Hang Seng Bank has a 52-week low of $10.70 and a 52-week high of $14.81.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.