Societe Generale Group (OTCMKTS:SCGLY) Raised to “Hold” at Zacks Research

Societe Generale Group (OTCMKTS:SCGLY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research firms also recently commented on SCGLY. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, May 26th. Kepler Capital Markets raised shares of Societe Generale Group from a “reduce” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Societe Generale upgraded shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

Societe Generale Group stock opened at $17.69 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $65.83 billion, a PE ratio of 9.83, a P/E/G ratio of 0.59 and a beta of 0.80. Societe Generale Group has a 12 month low of $11.31 and a 12 month high of $18.30. The stock has a 50-day moving average price of $16.55 and a two-hundred day moving average price of $16.36.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.The company had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.29 billion. Analysts expect that Societe Generale Group will post 1.7 EPS for the current year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.