Petrochina Rating Increased to Buy at Deutsche Bank (PTR)

By admin | 6 years ago

Petrochina (NYSE: PTR) was upgraded by investment analysts at Deutsche Bank (NYSE: DB) from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Shares of Petrochina traded down 0.02% during mid-day trading on Wednesday, hitting $130.69. Petrochina has a one year low of $111.29 and a one year high of $153.35. The company has a market cap of $243.7 billion and a P/E ratio of 11.27.

A number of other firms have also recently commented on PTR. Analysts at Zacks reiterated a “neutral” rating on shares of Petrochina in a research note to investors on Monday, April 16th. They now have a $148.00 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) upgraded shares of Petrochina from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 12nd. Finally, analysts at HSBC (NYSE: HBC) upgraded shares of Petrochina from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, March 12nd.

PetroChina Company Limited is an oil and gas producer and seller in the People’s Republic of China (PRC).

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