Credit Agricole (OTCMKTS:CRARY) Hits New 12-Month High – Should You Buy?

Credit Agricole SA (OTCMKTS:CRARY) shares hit a new 52-week high on Friday . The company traded as high as $11.33 and last traded at $11.3050, with a volume of 49028 shares changing hands. The stock had previously closed at $11.13.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Credit Agricole Stock Performance

The firm has a market cap of $68.45 billion, a P/E ratio of 10.10 and a beta of 0.65. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55. The company’s 50 day moving average is $10.06 and its 200 day moving average is $10.06.

Credit Agricole (OTCMKTS:CRARY) last posted its earnings results on Friday, July 31st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $7.99 billion. Credit Agricole had a return on equity of 23.73% and a net margin of 23.39%. As a group, equities analysts predict that Credit Agricole SA will post 1.29 earnings per share for the current fiscal year.

About Credit Agricole

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.