BNP Paribas (OTCMKTS:BNPQY) Share Price Crosses Below 50-Day Moving Average After Analyst Downgrade

BNP Paribas SA (OTCMKTS:BNPQY) passed below its 50-day moving average during trading on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock has a 50-day moving average of $52.21 and traded as low as $50.13. BNP Paribas shares last traded at $51.8550, with a volume of 453,862 shares changing hands.

A number of other equities research analysts have also recently weighed in on BNPQY. Keefe, Bruyette & Woods upgraded shares of BNP Paribas from a “moderate sell” rating to a “hold” rating in a report on Monday, December 15th. Citigroup restated a “buy” rating on shares of BNP Paribas in a research note on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BNP Paribas in a report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BNP Paribas currently has a consensus rating of “Hold”.

BNP Paribas Price Performance

The company has a market cap of $111.53 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.62 and a beta of 0.69. The firm has a 50 day simple moving average of $52.36 and a 200-day simple moving average of $46.72. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. BNP Paribas had a net margin of 23.53% and a return on equity of 9.18%. The business had revenue of $15.27 billion for the quarter, compared to analysts’ expectations of $15.27 billion. As a group, research analysts predict that BNP Paribas SA will post 5.02 earnings per share for the current fiscal year.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.