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

BNP Paribas (OTCMKTS:BNPQY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

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

BNP Paribas Stock Down 0.6%

BNPQY stock traded down $0.32 during midday trading on Thursday, hitting $49.81. The company’s stock had a trading volume of 625,992 shares, compared to its average volume of 392,346. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.78 and a quick ratio of 0.78. BNP Paribas has a twelve month low of $37.50 and a twelve month high of $65.50. The company’s fifty day moving average price is $57.95 and its 200 day moving average price is $56.43. The stock has a market capitalization of $109.74 billion, a P/E ratio of 7.38, a PEG ratio of 0.49 and a beta of 0.80.

BNP Paribas (OTCMKTS:BNPQY) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $1.92 by $0.24. BNP Paribas had a net margin of 25.22% and a return on equity of 10.19%. The firm had revenue of $16.38 billion for the quarter, compared to analysts’ expectations of $15.44 billion. As a group, equities research analysts predict 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.