Credit Agricole (OTCMKTS:CRARY) Shares Gap Up – Here’s Why

Credit Agricole SA (OTCMKTS:CRARY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.31, but opened at $10.83. Credit Agricole shares last traded at $10.84, with a volume of 18,572 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Credit Agricole from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Credit Agricole in a report on Wednesday, January 21st. Oddo Bhf upgraded Credit Agricole from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Credit Agricole Stock Up 1.0%

The stock has a 50-day moving average of $10.07 and a 200 day moving average of $9.68. The stock has a market cap of $65.66 billion, a PE ratio of 8.35 and a beta of 0.67.

Credit Agricole (OTCMKTS:CRARY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. Credit Agricole had a net margin of 27.03% and a return on equity of 37.56%.

Credit Agricole Company Profile

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.