Zacks Investment Research Upgrades CR AGRICOLE S A/ADR (OTCMKTS:CRARY) to Strong-Buy

Zacks Investment Research upgraded shares of CR AGRICOLE S A/ADR (OTCMKTS:CRARY) from a hold rating to a strong-buy rating in a report issued on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $6.75 price objective on the stock.

According to Zacks, “Credit Agricole S.A. markets a complete range of financial products and services. It offers savings, investments, life insurance, credit, payment and insurance services. Its activities are organized into three business lines: Central body: it ensures the cohesion and smooth functioning of the network, and represents the Group with banking authorities; Specialized business: it provides asset management, insurance, private banking, consumer credit, leasing, factoring and Banking and investment. The strength of its retail bank and know -how of its subsidiaries enable it to intervene in all areas of banking and finance. Credit Agricole is headquartered in Paris, France. “

Other equities analysts also recently issued reports about the stock. UBS Group downgraded shares of CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a report on Monday, May 20th. Bank of America started coverage on shares of CR AGRICOLE S A/ADR in a report on Wednesday, April 3rd. They set a buy rating for the company.

Shares of CRARY opened at $5.80 on Wednesday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.94 and a quick ratio of 1.94. The company has a 50-day moving average of $5.98. CR AGRICOLE S A/ADR has a 52-week low of $5.11 and a 52-week high of $7.61. The stock has a market cap of $33.27 billion, a P/E ratio of 7.41 and a beta of 1.45.

CR AGRICOLE S A/ADR (OTCMKTS:CRARY) last posted its earnings results on Friday, August 2nd. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. CR AGRICOLE S A/ADR had a net margin of 22.28% and a return on equity of 6.68%. The firm had revenue of $5.79 billion during the quarter. As a group, equities analysts forecast that CR AGRICOLE S A/ADR will post 0.71 EPS for the current fiscal year.

About CR AGRICOLE S A/ADR

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through five segments: Asset Gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large Customers. The company offers payment instruments, loans, and saving products; savings/retirement, death and disability/creditor/group, and property and casualty insurance products; and expertise and investment solutions for active, passive, real estate, and alternative asset management.

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