Credit Agricole (OTCMKTS:CRARY) Reaches New 52-Week High – Time to Buy?

Credit Agricole SA (OTCMKTS:CRARY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.2040 and last traded at $10.19, with a volume of 56614 shares. The stock had previously closed at $10.11.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CRARY shares. Keefe, Bruyette & Woods lowered Credit Agricole from a “hold” rating to a “moderate sell” rating in a research note on Thursday, August 21st. Zacks Research lowered Credit Agricole from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a report on Friday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Credit Agricole Stock Up 1.3%

The firm has a 50-day moving average of $9.51 and a two-hundred day moving average of $9.46. The stock has a market capitalization of $62.09 billion, a price-to-earnings ratio of 7.73 and a beta of 0.69.

Credit Agricole (OTCMKTS:CRARY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Credit Agricole had a net margin of 27.03% and a return on equity of 37.56%.

Credit Agricole Company Profile

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.