Credit Agricole (OTCMKTS:CRARY) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Credit Agricole SA (OTCMKTS:CRARY)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.51 and traded as low as $9.75. Credit Agricole shares last traded at $9.84, with a volume of 295,315 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRARY. Zacks Research downgraded shares of Credit Agricole from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Keefe, Bruyette & Woods raised Credit Agricole from a “moderate sell” rating to a “hold” rating in a research note on Friday. Oddo Bhf raised Credit Agricole from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Credit Agricole in a report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft cut Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Credit Agricole Stock Down 1.1%

The stock has a fifty day moving average of $10.50 and a two-hundred day moving average of $9.90. The stock has a market cap of $58.88 billion, a price-to-earnings ratio of 8.18 and a beta of 0.62.

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

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.