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United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) has been downgraded to Hold in a report by Zacks Investment Research today.

Boasting a price of $27.45, United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) traded 0.69% higher on the day. The last stock price is up 1.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. UOVEY has recorded a 50-day moving average of $26.95 and a 200-day moving average of $27.20. 193,337 shares of the stock were exchanged, up from an average trading volume of 57,014

Zacks Investment Research has downgraded United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) to Hold in a statement released on Wednesday September 28, 2016.

Previously on 9/21/2016, Zacks Investment Research released a statement for United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) bumped up the target price from $0.00 to $31.00 that suggested an upside of 0.11%.

See Chart Below

United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY)

United Overseas Bank Ltd (ADR) has a 52 week low of $23.41 and a 52 week high of $29.89 with a P/E ratio of 9.73 The company’s market cap is currently $0.

General Information About United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY)

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. Its GWB segment encompasses commercial banking, corporate banking, financial institutions client segments, as well as Transaction Banking, Structured Trade Commodities Finance, Investment Banking and Specialized Asset Finance. Its GMIM segment provides a range of global markets products and services, including foreign exchange, money market, fixed income, derivatives, margin trading, futures broking, precious metals products, as well as an array of structured products. Its Others segment include property-related activities, insurance businesses and income and expenses. The Company has a global network of approximately 500 branches and offices.

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