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

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

A number of other research firms have also recently commented on SCGLY. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Keefe, Bruyette & Woods cut shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Societe Generale upgraded shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Societe Generale Group in a research report on Monday, February 16th. Finally, Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Societe Generale Group Price Performance

OTCMKTS SCGLY opened at $15.92 on Thursday. Societe Generale Group has a 12 month low of $10.46 and a 12 month high of $18.30. The stock has a market cap of $59.25 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.55 and a beta of 0.80. The company’s 50 day moving average is $15.74 and its two-hundred day moving average is $15.71. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06.

Societe Generale Group (OTCMKTS:SCGLY) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The company had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.29 billion. As a group, research analysts anticipate that Societe Generale Group will post 1.69 earnings per share 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.