Societe Generale (OTCMKTS:SCGLY) Stock Rating Upgraded by Zacks Investment Research

Societe Generale (OTCMKTS:SCGLY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “

Other research analysts have also issued research reports about the stock. ValuEngine raised shares of Societe Generale from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 23rd. Citigroup lowered shares of Societe Generale to a “hold” rating in a research report on Friday, May 1st. Finally, Kepler Capital Markets raised shares of Societe Generale from an “underweight” rating to a “neutral” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.

SCGLY opened at $3.29 on Tuesday. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 7.31 and a beta of 1.24. Societe Generale has a 1-year low of $2.47 and a 1-year high of $7.15. The business has a 50 day moving average price of $3.10 and a two-hundred day moving average price of $4.72. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.45 and a quick ratio of 1.45.

Societe Generale (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.09). The company had revenue of $5.70 billion for the quarter. Societe Generale had a net margin of 9.50% and a return on equity of 4.29%. Equities analysts expect that Societe Generale will post -0.05 EPS for the current fiscal year.

Societe Generale Company Profile

Société Générale Société anonyme provides financial services in Europe and internationally. Its primary businesses include French retail banking; international retail banking, insurance, and financial services; and global banking and investor solutions. The company offers retail banking services to individual customers, professionals, and businesses and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama Banque brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.

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