Societe Generale (OTCMKTS:SCGLY) Stock Rating Upgraded by Zacks Investment Research
According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “
Other research analysts also recently issued research reports about the stock. Kepler Capital Markets upgraded shares of Societe Generale from an “underweight” rating to a “neutral” rating in a report on Monday, March 2nd. ValuEngine upgraded shares of Societe Generale from a “strong sell” rating to a “sell” rating in a report on Thursday, April 23rd. Finally, Citigroup downgraded shares of Societe Generale to a “hold” rating in a report on Friday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold”.
Societe Generale (OTCMKTS:SCGLY) last issued its earnings results on Thursday, April 30th. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.09). Societe Generale had a return on equity of 4.29% and a net margin of 9.50%. The company had revenue of $5.70 billion for the quarter. On average, equities analysts predict that Societe Generale will post -0.05 earnings per share for the current year.
About Societe Generale
Société Générale Société anonyme provides financial services in Europe and internationally. Its primary businesses include French retail banking; international retail banking, insurance, and financial services; and global banking and investor solutions. The company offers retail banking services to individual customers, professionals, and businesses and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama Banque brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.
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