Kepler Capital Markets Upgrades BNP Paribas (OTCMKTS:BNPQY) to Hold

BNP Paribas (OTCMKTS:BNPQY) was upgraded by analysts at Kepler Capital Markets from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on BNPQY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research 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 raised shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

BNP Paribas Stock Up 0.4%

BNP Paribas stock opened at $61.80 on Monday. The company has a market capitalization of $136.16 billion, a PE ratio of 9.16, a PEG ratio of 0.61 and a beta of 0.77. BNP Paribas has a 12-month low of $37.50 and a 12-month high of $61.94. The firm’s fifty day moving average is $56.66 and its 200 day moving average is $53.79. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.24.

BNP Paribas (OTCMKTS:BNPQY) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. BNP Paribas had a return on equity of 10.50% and a net margin of 25.22%.The business had revenue of $16.38 billion for the quarter, compared to the consensus estimate of $15.44 billion. As a group, sell-side analysts predict that BNP Paribas will post 6.71 EPS for the current fiscal 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.