KBC GRP NV/ADR (OTCMKTS:KBCSY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of KBC GRP NV/ADR (OTCMKTS:KBCSY) from a sell rating to a hold rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “KBC Group NV is an integrated bank-insurance group, catering mainly for retail, private banking, SME and mid-cap clients. Its operating segment consists of Belgium Business, Czech Republic Business, International Markets Business and Group Centre. The Belgium Business segment engages in the retail and private banc assurance activities. The Czech Republic Business segment comprises all KBC’s activities. The Group Centre segment includes the operating results of the group’s holding-company activities. The International Markets Business segment comprises the activities conducted by entities in the other Central and Eastern European core countries. KBC Group NV is headquartered in Brussels, Belgium. “

KBC GRP NV/ADR stock opened at $31.34 on Tuesday. The company has a market capitalization of $26.11 billion, a P/E ratio of 8.88 and a beta of 0.83. KBC GRP NV/ADR has a 12 month low of $31.04 and a 12 month high of $39.78. The company has a 50-day moving average price of $32.85.


KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. It accepts deposits; offers home and mortgage loans; consumer finance and SME funding services; credit, asset management, and life and non-life insurance; payments, and money and debt market services; investment fund solutions; brokerage and corporate finance, foreign trade finance, cash management, leasing, etc.; and other specialized financial products and services.

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