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

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

Other research analysts also recently issued reports about the company. DZ Bank upgraded BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a research note on Wednesday, July 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a research note on Monday. Finally, Citigroup reissued a “buy” rating on shares of BNP Paribas in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

BNP Paribas Trading Up 0.4%

Shares of OTCMKTS:BNPQY opened at $61.80 on Monday. The firm has a market cap of $136.16 billion, a price-to-earnings 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 company’s fifty day simple moving average is $56.66 and its 200 day simple 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 announced its 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 net margin of 25.22% and a return on equity of 10.50%. The firm had revenue of $16.38 billion during the quarter, compared to analyst estimates of $15.44 billion. As a group, research analysts forecast 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.