Societe Generale Group (OTCMKTS:SCGLY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a report on Tuesday, June 9th. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Tuesday, May 26th. Finally, Kepler Capital Markets upgraded shares of Societe Generale Group from a “reduce” rating to a “hold” rating in a research note on Friday, May 15th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Societe Generale Group presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

Shares of OTCMKTS:SCGLY opened at $17.69 on Monday. The business’s fifty day moving average price is $16.55 and its two-hundred day moving average price is $16.36. Societe Generale Group has a fifty-two week low of $11.31 and a fifty-two week high of $18.30. The stock has a market capitalization of $65.83 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.59 and a beta of 0.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.The company had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. As a group, analysts predict that Societe Generale Group will post 1.7 EPS for the current fiscal year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.