Credit Agricole (OTCMKTS:CRARY) Shares Gap Up – What’s Next?

Credit Agricole SA (OTCMKTS:CRARY) shares gapped up before the market opened on Monday . The stock had previously closed at $10.67, but opened at $11.09. Credit Agricole shares last traded at $11.08, with a volume of 10,585 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRARY. Zacks Research lowered Credit Agricole from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Oddo Bhf raised Credit Agricole from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Credit Agricole in a research note on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Credit Agricole from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Credit Agricole Trading Up 0.4%

The company has a market cap of $66.45 billion, a PE ratio of 9.23 and a beta of 0.65. The business has a fifty day moving average of $10.42 and a 200-day moving average of $9.84.

Credit Agricole (OTCMKTS:CRARY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). Credit Agricole had a net margin of 24.65% and a return on equity of 37.56%. The company had revenue of $8.11 billion during the quarter, compared to analysts’ expectations of $7.98 billion.

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.