Scor (OTCMKTS:SCRYY) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Scor from a "hold" to a "strong-buy" rating, indicating increased confidence in the company's stock performance.
• Scor reported a quarterly earnings per share of $0.14, exceeding the expected $0.11, along with a revenue of $5.35 billion.
• The company's current market capitalization stands at $6.34 billion with an average analysts' rating of "Buy," reflecting a generally positive outlook on its stock.

Scor (OTCMKTS:SCRYY - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Morgan Stanley restated an "overweight" rating on shares of Scor in a research note on Monday. Royal Bank Of Canada restated an "outperform" rating on shares of Scor in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Scor currently has an average rating of "Buy".

Scor Stock Performance

OTCMKTS SCRYY opened at $3.53 on Thursday. Scor has a twelve month low of $2.08 and a twelve month high of $3.73. The stock has a market capitalization of $6.34 billion, a PE ratio of 10.70 and a beta of 0.87. The stock has a 50-day simple moving average of $3.38 and a 200 day simple moving average of $3.25.

Scor (OTCMKTS:SCRYY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Scor had a return on equity of 11.92% and a net margin of 3.41%.The business had revenue of $5.35 billion during the quarter, compared to analysts' expectations of $5.27 billion. As a group, equities research analysts forecast that Scor will post -0.01 EPS for the current fiscal year.

About Scor

SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H. The SCOR P&C segment offers reinsurance products in the areas of property, motors, casualty treaties, credit and surety, decennial insurance, aviation, marine and energy, engineering, agricultural risks, and property catastrophes; specialties insurance products, including business solutions, political and credit risks, cyber, and environmental liability; and business ventures and partnerships.

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