Societe Generale Group (OTCMKTS:SCGLY) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Societe Generale Group has been downgraded from a "hold" rating to a "strong sell" rating by Zacks Research, indicating a significant decline in analyst outlook.
• Despite the downgrade, other analysts have mixed views, with UBS upgrading the stock to a "buy" rating and an average rating of "Moderate Buy" based on multiple research reports.
• The company reported a quarterly earnings per share of $0.36, surpassing expectations, with revenues of $7.71 billion, contributing to a net margin of 19.31%.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday,Zacks.com reports.

SCGLY has been the topic of a number of other research reports. UBS Group upgraded Societe Generale Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 5th. Barclays restated an "overweight" rating on shares of Societe Generale Group in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Societe Generale Group Stock Performance

Shares of SCGLY opened at $12.40 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.32. Societe Generale Group has a 52-week low of $4.97 and a 52-week high of $14.09. The stock has a 50 day moving average price of $13.13 and a 200 day moving average price of $11.43. The company has a market capitalization of $48.68 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 0.37 and a beta of 1.08.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $6.58 billion. Societe Generale Group had a net margin of 19.31% and a return on equity of 6.03%. Research analysts predict that Societe Generale Group will post 1.14 EPS for the current fiscal year.

About Societe Generale Group

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.

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