CR AGRICOLE S A/ADR (OTCMKTS:CRARY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The firm presently has a $6.25 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 13.64% from the stock’s current price.
According to Zacks, “Credit Agricole S.A. markets a complete range of financial products and services. It offers savings, investments, life insurance, credit, payment and insurance services. Its activities are organized into three business lines: Central body: it ensures the cohesion and smooth functioning of the network, and represents the Group with banking authorities; Specialized business: it provides asset management, insurance, private banking, consumer credit, leasing, factoring and Banking and investment. The strength of its retail bank and know -how of its subsidiaries enable it to intervene in all areas of banking and finance. Credit Agricole is headquartered in Paris, France. “
Separately, UBS Group downgraded CR AGRICOLE S A/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th.
CRARY traded down $0.14 on Wednesday, reaching $5.50. The company’s stock had a trading volume of 2,340,216 shares, compared to its average volume of 122,509. The business has a 50 day simple moving average of $5.95. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 5.19. The company has a market capitalization of $31.28 billion, a P/E ratio of 6.71 and a beta of 1.45. CR AGRICOLE S A/ADR has a fifty-two week low of $5.11 and a fifty-two week high of $7.61.
CR AGRICOLE S A/ADR (OTCMKTS:CRARY) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. CR AGRICOLE S A/ADR had a return on equity of 6.68% and a net margin of 22.28%. The firm had revenue of $5.79 billion during the quarter. On average, research analysts forecast that CR AGRICOLE S A/ADR will post 0.71 EPS for the current year.
About CR AGRICOLE S A/ADR
Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through five segments: Asset Gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large Customers. The company offers payment instruments, loans, and saving products; savings/retirement, death and disability/creditor/group, and property and casualty insurance products; and expertise and investment solutions for active, passive, real estate, and alternative asset management.
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