BNP Paribas (OTCMKTS:BNPQY) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of BNP Paribas (OTCMKTS:BNPQY) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks reports.

A number of other equities analysts have also recently issued reports on the company. Kepler Capital Markets upgraded BNP Paribas from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a research note on Monday. DZ Bank raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

BNP Paribas Trading Down 0.6%

Shares of OTCMKTS BNPQY traded down $0.32 during midday trading on Thursday, reaching $49.81. 625,992 shares of the stock were exchanged, compared to its average volume of 392,346. The business has a 50-day simple moving average of $57.95 and a two-hundred day simple moving average of $56.43. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $109.74 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 0.49 and a beta of 0.80. BNP Paribas has a 12 month low of $37.50 and a 12 month high of $65.50.

BNP Paribas (OTCMKTS:BNPQY) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. BNP Paribas had a return on equity of 10.19% and a net margin of 25.22%. The firm had revenue of $16.38 billion during the quarter, compared to analysts’ expectations of $15.44 billion. As a group, equities research analysts expect that BNP Paribas will post 6.39 EPS for the current year.

BNP Paribas Company Profile

BNP Paribas is a major European banking group headquartered in France. The company provides banking and financial services to individual customers, businesses, institutional clients and public-sector organizations through a range of operations spanning retail banking, commercial banking, corporate and institutional banking, and investment and protection services.

Its activities include deposit and lending products, payment services, consumer finance, wealth management, insurance, asset management, securities services, and capital-markets and advisory services.