Credit Agricole (OTCMKTS:CRARY) Trading Up 0.7% - Should You Buy?

Key Points

• Credit Agricole's share price increased by 0.7% to $9.92, although trading volume saw a significant 34% decline compared to its average daily volume.
• Analysts from Keefe, Bruyette & Woods have downgraded Credit Agricole's rating from "hold" to "moderate sell."
• The company posted a quarterly EPS of $0.42, exceeding estimates, with a noteworthy return on equity of 27.20% and a net margin of 26.77%.

Credit Agricole SA (OTCMKTS:CRARY - Get Free Report)'s share price was up 0.7% during mid-day trading on Monday . The stock traded as high as $9.95 and last traded at $9.92. Approximately 135,800 shares changed hands during trading, a decline of 34% from the average daily volume of 206,975 shares. The stock had previously closed at $9.85.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered Credit Agricole from a "hold" rating to a "moderate sell" rating in a research report on Thursday, August 21st.

Credit Agricole Price Performance

The company has a debt-to-equity ratio of 5.92, a quick ratio of 1.82 and a current ratio of 1.82. The company has a 50-day moving average of $9.54 and a 200-day moving average of $9.33. The firm has a market capitalization of $60.49 billion, a price-to-earnings ratio of 7.87 and a beta of 1.05.

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

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.

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