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

Shares of Credit Agricole SA (OTCMKTS:CRARY) reached a new 52-week high during trading on Thursday . The company traded as high as $11.61 and last traded at $11.57, with a volume of 115862 shares traded. The stock had previously closed at $11.4890.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Credit Agricole has a consensus rating of “Hold”.

Credit Agricole Trading Up 0.7%

The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. The stock has a market capitalization of $70.02 billion, a P/E ratio of 10.33 and a beta of 0.65. The firm’s 50-day simple moving average is $10.22 and its 200 day simple moving average is $10.09.

Credit Agricole (OTCMKTS:CRARY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Credit Agricole had a return on equity of 23.73% and a net margin of 23.39%.The business had revenue of $8.47 billion during the quarter, compared to analyst estimates of $7.99 billion. Equities research analysts anticipate that Credit Agricole SA will post 1.34 EPS for the current fiscal year.

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.