Credit Agricole (OTCMKTS:CRARY) Sets New 12-Month High – Still a Buy?

Credit Agricole SA (OTCMKTS:CRARY) reached a new 52-week high during trading on Friday . The company traded as high as $11.33 and last traded at $11.3050, with a volume of 49028 shares trading hands. The stock had previously closed at $11.13.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Credit Agricole currently has an average rating of “Hold”.

Credit Agricole Price Performance

The stock has a market cap of $68.45 billion, a P/E ratio of 10.10 and a beta of 0.65. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. The firm’s fifty day moving average price is $10.06 and its 200-day moving average price is $10.06.

Credit Agricole (OTCMKTS:CRARY) last released its quarterly earnings results on Friday, July 31st. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Credit Agricole had a net margin of 23.39% and a return on equity of 23.73%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $7.99 billion. Analysts forecast that Credit Agricole SA will post 1.29 earnings per share for the current year.

Credit Agricole Company Profile

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.