Credit Agricole (OTCMKTS:CRARY) Hits New 52-Week High – Time to Buy?

Credit Agricole SA (OTCMKTS:CRARY) shares hit a new 52-week high on Thursday . The company traded as high as $11.61 and last traded at $11.57, with a volume of 115862 shares. The stock had previously closed at $11.4890.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Credit Agricole Stock Performance

The firm’s 50 day simple moving average is $10.22 and its 200-day simple moving average is $10.09. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $70.02 billion, a price-to-earnings ratio of 10.33 and a beta of 0.65.

Credit Agricole (OTCMKTS:CRARY) last released its earnings results on Friday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Credit Agricole had a net margin of 23.39% and a return on equity of 23.73%. Analysts expect that Credit Agricole SA will post 1.34 EPS for the current year.

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.