Credit Agricole (OTCMKTS:CRARY) Raised to Strong-Buy at Zacks Research

Key Points

• Credit Agricole was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, reflecting increased confidence in the stock's performance.
• Conversely, Keefe, Bruyette & Woods downgraded the stock to a "moderate sell" rating shortly after, indicating mixed analyst sentiments.
• Credit Agricole reported an earnings per share (EPS) of $0.42 for the last quarter, surpassing expectations and highlighting its strong financial position with a return on equity of 27.20%.

Credit Agricole (OTCMKTS:CRARY - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Keefe, Bruyette & Woods downgraded Credit Agricole from a "hold" rating to a "moderate sell" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Strong Buy".

Credit Agricole Stock Performance

OTCMKTS:CRARY opened at $9.80 on Wednesday. The stock's fifty day moving average is $9.61 and its 200 day moving average is $9.38. Credit Agricole has a fifty-two week low of $6.44 and a fifty-two week high of $10.20. The firm has a market capitalization of $59.76 billion, a PE ratio of 7.78 and a beta of 1.01.

Credit Agricole (OTCMKTS:CRARY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.42 EPS 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%.

Credit Agricole Company Profile

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.

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