Credit Agricole (OTCMKTS:CRARY) Reaches New 12-Month High – Time to Buy?

Credit Agricole SA (OTCMKTS:CRARY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.33 and last traded at $10.30, with a volume of 184987 shares changing hands. The stock had previously closed at $10.26.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a research report on Friday. Zacks Research cut Credit Agricole from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Credit Agricole currently has an average rating of “Hold”.

Credit Agricole Price Performance

The firm has a market cap of $62.33 billion, a price-to-earnings ratio of 7.92 and a beta of 0.69. The firm has a 50 day moving average price of $9.54 and a 200-day moving average price of $9.48.

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

About Credit Agricole

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.