KBC Group (OTCMKTS:KBCSY) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded KBC Group from a "strong-buy" to a "hold," and other recent moves include Barclays cutting the stock to "strong sell"; the analyst split is 1 Buy, 4 Hold and 1 Sell, giving an average rating of Hold.
• KBC beat quarterly estimates with $1.42 EPS (vs. $1.40) and $3.73B revenue (vs. $3.64B), and the stock trades around $62.88 with a market cap of $52.5B, a P/E of 12.68 and a 12‑month range of $38.90–$73.12.

KBC Group (OTCMKTS:KBCSY - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the company. Barclays lowered KBC Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, December 2nd. Citigroup reissued a "neutral" rating on shares of KBC Group in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of KBC Group in a research note on Tuesday, February 24th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, KBC Group currently has an average rating of "Hold".

KBC Group Stock Down 0.7%

Shares of KBCSY stock opened at $62.88 on Wednesday. The firm has a market cap of $52.52 billion, a P/E ratio of 12.68, a PEG ratio of 0.95 and a beta of 0.59. The company has a 50 day moving average of $66.01 and a 200-day moving average of $63.46. KBC Group has a 12-month low of $38.90 and a 12-month high of $73.12.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. KBC Group had a return on equity of 13.89% and a net margin of 15.70%.The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. As a group, equities analysts expect that KBC Group will post 4.28 EPS for the current year.

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group's banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.

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