Societe Generale Group (OTCMKTS:SCGLY) Stock Rating Lowered by Zacks Research

Societe Generale Group (OTCMKTS:SCGLY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

SCGLY has been the topic of a number of other research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Tuesday, February 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a report on Monday, February 9th. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Finally, Keefe, Bruyette & Woods downgraded shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Societe Generale Group has a consensus rating of “Hold”.

Societe Generale Group Stock Performance

Shares of OTCMKTS SCGLY opened at $15.92 on Thursday. The firm’s 50-day moving average price is $15.74 and its 200-day moving average price is $15.71. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The company has a market cap of $59.25 billion, a PE ratio of 8.84, a PEG ratio of 0.55 and a beta of 0.80. Societe Generale Group has a 52-week low of $10.46 and a 52-week high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results 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. The firm had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $8.29 billion. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. As a group, analysts anticipate that Societe Generale Group will post 1.69 EPS for the current year.

Societe Generale Group Company Profile

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.