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

Zacks Investment Research has downgraded United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) to Hold in a statement released on Thursday May 25, 2017.

On 05/24/2017, Zacks Investment Research released a statement on United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) upped the target price from $0.00 to $38.00 that suggested an upside of 0.13%.

Having a price of $33.98, United Overseas Bank Ltd (ADR) (NASDAQ:UOVEY) traded 2.62% higher on the day. With the last close up 14.69% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. The company has recorded a 50-day moving average of $31.32 and a 200-day moving average of $29.38. 19,440 shares of the stock were exchanged, down from an average trading volume of 43,267

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

United Overseas Bank Ltd (ADR) has a 52 week low of $25.16 and a 52 week high of $33.71 with a P/E ratio of 12.74 The company’s market cap is currently $0.

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

United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors and property funds. GM provides a suite of treasury products and services across multi-asset classes, which include foreign exchange, interest rate, credit, commodities, equities and structured investment products to help customers manage market risks and volatility. GM also engages in market making activities and management of funding and liquidity. Others segment includes corporate support functions and other activities, which consists of property, insurance and investment management.

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