Societe Generale (OTCMKTS:SCGLY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Societe Generale (OTCMKTS:SCGLY) from a strong sell rating to a hold rating in a research report report published on Tuesday, January 9th.

According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “

Separately, Credit Suisse Group restated an underperform rating on shares of Societe Generale in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $13.00.

Societe Generale (OTCMKTS:SCGLY) traded down $0.04 on Tuesday, reaching $11.21. 293,122 shares of the company’s stock traded hands, compared to its average volume of 272,010. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.05. The firm has a market cap of $44,960.00, a PE ratio of 13.84, a PEG ratio of 1.13 and a beta of 1.35. Societe Generale has a 52-week low of $8.56 and a 52-week high of $12.05.

Societe Generale (OTCMKTS:SCGLY) last posted its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.29 earnings per share for the quarter. Societe Generale had a net margin of 13.02% and a return on equity of 4.83%. sell-side analysts expect that Societe Generale will post 0.94 EPS for the current fiscal year.

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Societe Generale Company Profile

Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.

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Analyst Recommendations for Societe Generale (OTCMKTS:SCGLY)

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