Credit Agricole (OTCMKTS:CRARY) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• Technical sell signal: Credit Agricole's ADR slipped below its 50‑day moving average, trading as low as $9.75 and last at $9.84 versus a 50‑day MA of $10.51 (200‑day MA $9.90).
• Earnings mixed: the company reported quarterly EPS of $0.17, missing estimates by $0.10, while revenue beat at $8.11B and profitability remained strong with a 24.65% net margin and 37.56% ROE.
• Analyst view and valuation: consensus is a "Hold" (one Buy, three Hold), and the stock trades at a PE of 8.27 with a market cap of $59.55 billion.

Credit Agricole SA (OTCMKTS:CRARY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.51 and traded as low as $9.75. Credit Agricole shares last traded at $9.84, with a volume of 295,315 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CRARY shares. Royal Bank Of Canada restated a "sector perform" rating on shares of Credit Agricole in a research note on Wednesday, February 11th. Oddo Bhf raised Credit Agricole from a "neutral" rating to an "outperform" rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft downgraded Credit Agricole from a "buy" rating to a "hold" rating in a research report on Tuesday, February 17th. Finally, Zacks Research cut Credit Agricole from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Credit Agricole Price Performance

The stock has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $9.90. The stock has a market cap of $59.55 billion, a PE ratio of 8.27 and a beta of 0.62.

Credit Agricole (OTCMKTS:CRARY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.10). The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $7.98 billion. Credit Agricole had a net margin of 24.65% and a return on equity of 37.56%.

Credit Agricole Company Profile

Crédit Agricole OTCMKTS: CRARY is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company's core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.

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