Akbank T.A.S. (OTCMKTS:AKBTY) Price Target Raised to 15.00 at JPMorgan Chase & Co.

Akbank T.A.S. (OTCMKTS:AKBTYGet Rating) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from 12.70 to 15.00 in a research note issued on Thursday, The Fly reports. The firm currently has an “overweight” rating on the stock.

Separately, HSBC cut Akbank T.A.S. from a “buy” rating to a “hold” rating in a research note on Thursday, January 27th.

AKBTY stock remained flat at $$1.10 during midday trading on Thursday. The firm has a fifty day simple moving average of $1.09 and a two-hundred day simple moving average of $1.13. Akbank T.A.S. has a 1-year low of $0.83 and a 1-year high of $1.50.

Akbank T.A.S. Company Profile (Get Rating)

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through: Retail Banking; Commercial Banking, SME Banking, Corporate-Investment and Private Banking; and Treasury segments. The company's retail banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.

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