Bouygues (OTCMKTS:BOUYF) Sets New 52-Week High - Here's What Happened

Key Points

• Bouygues' stock reached a new 52-week high of $44.60, with a notable trading volume of 100 shares.
• This positive performance comes as New Street Research initiated coverage with a "buy" rating, indicating confidence in the company's growth prospects.
• Despite reporting a quarterly earnings per share of ($0.43), Bouygues exceeded expectations, beating the consensus by $0.27.

Bouygues (OTCMKTS:BOUYF - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $44.60 and last traded at $44.60, with a volume of 100 shares. The stock had previously closed at $44.23.

Wall Street Analyst Weigh In

Separately, New Street Research assumed coverage on Bouygues in a report on Friday, April 4th. They issued a "buy" rating on the stock.

Bouygues Price Performance

The firm has a market capitalization of $84.51 billion, a P/E ratio of 14.72 and a beta of 0.52. The business's 50-day simple moving average is $42.56 and its 200 day simple moving average is $37.54. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 0.73.

Bouygues (OTCMKTS:BOUYF - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.43) EPS for the quarter, topping analysts' consensus estimates of ($0.70) by $0.27. The company had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $14.48 billion. Bouygues had a net margin of 1.86% and a return on equity of 7.52%.

Bouygues Company Profile

Bouygues SA, together with its subsidiaries, operates in the construction, energy, telecom, media, and transport infrastructure sectors in France and internationally. The company designs, builds, renovates, operates, and deconstructs building, infrastructure, and industrial projects; develops urban planning, residential, and commercial projects; builds and maintains roads and motorways, airport runways, ports, industrial logistics hubs, external works and amenities, reserved-lane public transport, recreational facilities, and environmental projects, as well as undertakes civil engineering, road safety, and signaling activities; produces, distributes, sells, and recycles aggregates, emulsions, asphalt mixes, ready-mix concrete, and bitumen; construction, renewal, and maintenance of rail networks; and installation and maintenance of pipes and pipelines.