Zacks Investment Research Downgrades DBS Grp HOLDING/S (DBSDY) to Sell

DBS Grp HOLDING/S (OTCMKTS:DBSDY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “DBS Group Holdings Ltd is the holding company of DBS Bank and is one of the largest companies in terms of market capitalisation whose shares are listed on the Singapore Exchange. DBS Group Holdings Ltd and its subsidiaries form one of the largest banking groups in the region in terms of shareholders’ funds and total assets. DBS is also a leading bank in Hong Kong. “

Shares of OTCMKTS DBSDY opened at $68.10 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.90. DBS Grp HOLDING/S has a 52-week low of $65.41 and a 52-week high of $93.61. The company has a market capitalization of $44.79 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.68 and a beta of 1.14.

DBS Grp HOLDING/S Company Profile

DBS Group Holdings Ltd, an investment holding company, provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments.

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