BNP Paribas (OTCMKTS:BNPQY) Rating Lowered to "Strong Sell" at Zacks Research

Key Points

• Zacks Research downgraded BNP Paribas to “strong sell” from “hold,” although the broader analyst consensus remains “moderate buy,” with several firms maintaining buy or outperform ratings.
• BNP Paribas shares fell 0.6% to $49.81, trading below their 50-day and 200-day moving averages; the stock has ranged from $37.50 to $65.50 over the past year.
• The bank beat quarterly expectations, reporting earnings of $2.16 per share versus the $1.92 consensus and revenue of $16.38 billion versus estimates of $15.44 billion.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Thursday, Zacks reports.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada restated an "outperform" rating on shares of BNP Paribas in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of BNP Paribas in a research note on Wednesday, July 15th. DZ Bank upgraded shares of BNP Paribas from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Citigroup reissued a "buy" rating on shares of BNP Paribas in a research note on Monday, July 20th. Finally, Kepler Capital Markets raised shares of BNP Paribas from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

BNP Paribas Trading Down 0.6%

Shares of OTCMKTS:BNPQY traded down $0.32 during trading on Thursday, hitting $49.81. 625,992 shares of the company's stock were exchanged, compared to its average volume of 392,346. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.62. The firm has a market cap of $109.74 billion, a P/E ratio of 7.38, a PEG ratio of 0.49 and a beta of 0.80. The firm has a 50-day moving average price of $57.95 and a two-hundred day moving average price of $56.43. BNP Paribas has a 1-year low of $37.50 and a 1-year high of $65.50.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.24. BNP Paribas had a net margin of 25.22% and a return on equity of 10.19%. The business had revenue of $16.38 billion for the quarter, compared to analyst estimates of $15.44 billion. Equities analysts predict that BNP Paribas will post 6.39 earnings per share for the current year.

About BNP Paribas

BNP Paribas is a major European banking group headquartered in France. The company provides banking and financial services to individual customers, businesses, institutional clients and public-sector organizations through a range of operations spanning retail banking, commercial banking, corporate and institutional banking, and investment and protection services.

Its activities include deposit and lending products, payment services, consumer finance, wealth management, insurance, asset management, securities services, and capital-markets and advisory services.

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