Société Générale Société anonyme (OTCMKTS:SCGLY) Downgraded by UBS Group to "Hold"

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) was downgraded by equities research analysts at UBS Group from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

SCGLY has been the topic of a number of other research reports. Kepler Capital Markets cut shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Barclays upgraded Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Société Générale Société anonyme Trading Down 0.3%

Shares of SCGLY traded down $0.03 during midday trading on Thursday, hitting $10.60. The stock had a trading volume of 759,437 shares, compared to its average volume of 648,122. The business has a 50-day simple moving average of $9.24 and a two-hundred day simple moving average of $7.28. The firm has a market cap of $42.42 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 0.26 and a beta of 1.04. Société Générale Société anonyme has a fifty-two week low of $4.30 and a fifty-two week high of $10.68. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $7.45 billion during the quarter, compared to analysts' expectations of $7.02 billion. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. As a group, equities analysts forecast that Société Générale Société anonyme will post 1.14 EPS for the current year.

About Société Générale Société anonyme

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.