Credit Agricole (OTCMKTS:CRARY) Lowered to "Moderate Sell" Rating by Keefe, Bruyette & Woods

Key Points

• Credit Agricole has been downgraded from a "hold" rating to a "moderate sell" rating by Keefe, Bruyette & Woods.
• The company's stock opened at $9.96 and has a market cap of $60.28 billion, with a recent earnings report showing a profit of $0.42 per share, exceeding expectations.
• Credit Agricole has a high debt-to-equity ratio of 5.92, which may raise concerns about its financial stability.

Keefe, Bruyette & Woods downgraded shares of Credit Agricole (OTCMKTS:CRARY - Free Report) from a hold rating to a moderate sell rating in a report issued on Thursday, August 21st,Zacks.com reports.

Credit Agricole Trading Up 1.3%

Shares of OTCMKTS CRARY traded up $0.12 during midday trading on Thursday, hitting $9.13. The stock had a trading volume of 79,739 shares, compared to its average volume of 248,217. The company has a market capitalization of $55.25 billion, a price-to-earnings ratio of 7.25 and a beta of 1.05. Credit Agricole has a 1-year low of $6.44 and a 1-year high of $10.20. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 5.92. The company has a fifty day moving average price of $9.45 and a 200 day moving average price of $9.14.

Credit Agricole (OTCMKTS:CRARY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. Credit Agricole had a return on equity of 27.20% and a net margin of 26.77%.

About Credit Agricole

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services in France and internationally. It operates through French Retail Banking Regional Banks; French Retail Banking - LCL; International Retail Banking; Asset Gathering; Large Customers; and Specialised Financial Services segments.