Credit Agricole (OTCMKTS:CRARY) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Credit Agricole SA (OTCMKTS:CRARY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.74 and traded as high as $9.80. Credit Agricole shares last traded at $9.7495, with a volume of 104,097 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on CRARY. Oddo Bhf upgraded shares of Credit Agricole from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft lowered shares of Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods upgraded shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Credit Agricole Price Performance

The stock has a fifty day moving average of $9.74 and a 200-day moving average of $9.96. 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 $59.00 billion, a price-to-earnings ratio of 8.12 and a beta of 0.66.

Credit Agricole (OTCMKTS:CRARY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.25 billion. Credit Agricole had a return on equity of 24.26% and a net margin of 24.36%. On average, equities research analysts predict that Credit Agricole SA will post 1.31 EPS for the current fiscal year.

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.