Credit Agricole (OTCMKTS:CRARY) Stock Price Up 0.4% – Should You Buy?

Credit Agricole SA (OTCMKTS:CRARY) shares shot up 0.4% on Monday . The stock traded as high as $9.52 and last traded at $9.45. 226,908 shares changed hands during trading, a decline of 37% from the average session volume of 361,762 shares. The stock had previously closed at $9.41.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CRARY. Oddo Bhf upgraded shares of Credit Agricole from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Credit Agricole in a research note on Wednesday, February 11th. Keefe, Bruyette & Woods upgraded shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Credit Agricole presently has a consensus rating of “Hold”.

Credit Agricole Stock Up 0.4%

The company has a market capitalization of $57.19 billion, a PE ratio of 7.94 and a beta of 0.69. The stock’s fifty day simple moving average is $10.14 and its 200-day simple moving average is $9.90.

Credit Agricole (OTCMKTS:CRARY) last issued its earnings results on Wednesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). Credit Agricole had a net margin of 24.65% and a return on equity of 37.56%. The company had revenue of $8.11 billion during the quarter, compared to analysts’ expectations of $7.98 billion.

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.