Societe Generale Group (OTCMKTS:SCGLY) Rating Increased to Hold at Zacks Research

Societe Generale Group (OTCMKTS:SCGLY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts have also recently commented on SCGLY. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, June 9th. Kepler Capital Markets raised Societe Generale Group from a “reduce” rating to a “hold” rating in a research note on Friday, May 15th. Societe Generale raised Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, May 26th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Down 0.1%

Societe Generale Group stock opened at $17.69 on Monday. The firm has a market cap of $65.83 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.59 and a beta of 0.80. Societe Generale Group has a 52-week low of $11.31 and a 52-week high of $18.30. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50 day moving average price of $16.55 and a two-hundred day moving average price of $16.36.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The company had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.29 billion. Equities analysts predict that Societe Generale Group will post 1.7 EPS for the current year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.