KBC Group (OTCMKTS:KBCSY) Downgraded to "Hold" Rating by Barclays

KBC Group (OTCMKTS:KBCSY - Get Free Report) was downgraded by investment analysts at Barclays from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on KBCSY. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of KBC Group in a research note on Wednesday, April 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of KBC Group in a research note on Thursday, July 10th.

KBC Group Trading Up 0.0%

KBCSY traded up $0.01 during trading hours on Tuesday, hitting $50.91. The company's stock had a trading volume of 23,591 shares, compared to its average volume of 37,751. KBC Group has a fifty-two week low of $34.78 and a fifty-two week high of $53.78. The firm has a market capitalization of $42.51 billion, a PE ratio of 11.19, a PEG ratio of 2.05 and a beta of 0.80. The company has a 50-day simple moving average of $49.70 and a 200 day simple moving average of $45.12.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $3.03 billion. KBC Group had a return on equity of 14.50% and a net margin of 14.27%. Research analysts expect that KBC Group will post 4.28 earnings per share for the current fiscal year.

KBC Group Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.