BNP Paribas (OTCMKTS:BNPQY) Rating Lowered to “Hold” at Zacks Research

BNP Paribas (OTCMKTS:BNPQY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

BNPQY has been the topic of a number of other research reports. Keefe, Bruyette & Woods upgraded BNP Paribas from a “moderate sell” rating to a “hold” rating in a research note on Monday, December 15th. Citigroup restated a “buy” rating on shares of BNP Paribas in a report on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

BNP Paribas Stock Down 2.9%

BNPQY traded down $1.51 on Tuesday, reaching $50.62. 502,520 shares of the company traded hands, compared to its average volume of 559,305. The company has a market cap of $111.53 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.61 and a beta of 0.69. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50 day moving average price is $52.30 and its 200-day moving average price is $46.69. BNP Paribas has a 52-week low of $34.77 and a 52-week high of $57.31.

BNP Paribas (OTCMKTS:BNPQY) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. BNP Paribas had a net margin of 23.53% and a return on equity of 9.18%. The company had revenue of $15.27 billion during the quarter, compared to analyst estimates of $15.27 billion. On average, sell-side analysts expect that BNP Paribas will post 5.02 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.