BNP Paribas (OTCMKTS:BNPQY) Upgraded at Zacks Research

BNP Paribas (OTCMKTS:BNPQY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a report on Wednesday. DZ Bank downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods upgraded shares of BNP Paribas from a “moderate sell” rating to a “hold” rating in a report on Monday, December 15th. Finally, Barclays lowered shares of BNP Paribas from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BNP Paribas currently has an average rating of “Hold”.

BNP Paribas Price Performance

OTCMKTS:BNPQY opened at $50.79 on Tuesday. The firm has a market capitalization of $113.44 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.72 and a beta of 0.74. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $45.73 and a 200-day simple moving average of $44.90. BNP Paribas has a 1 year low of $32.36 and a 1 year high of $51.19.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.53. BNP Paribas had a return on equity of 8.56% and a net margin of 22.74%.The company had revenue of $81.48 billion during the quarter, compared to the consensus estimate of $12.84 billion. Equities analysts forecast that BNP Paribas will post 5.02 EPS for the current year.

About BNP Paribas

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.