BNP Paribas (OTCMKTS:BNPQY) Stock Breaks Above 50-Day Moving Average – Time to Sell?

BNP Paribas SA (OTCMKTS:BNPQY)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $53.51 and traded as high as $54.0499. BNP Paribas shares last traded at $53.74, with a volume of 226,461 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BNPQY shares. Kepler Capital Markets upgraded BNP Paribas from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Citigroup restated a “buy” rating on shares of BNP Paribas in a research note on Monday, July 20th. Barclays assumed coverage on BNP Paribas in a report on Monday, November 2nd. They issued a “hold” rating for the company. Zacks Research lowered shares of BNP Paribas from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Finally, DZ Bank raised shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

BNP Paribas Price Performance

The stock has a market capitalization of $118.40 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.62. The company’s 50 day moving average is $53.51 and its 200 day moving average is $55.00.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.11. The company had revenue of $32.01 billion during the quarter, compared to the consensus estimate of $14.99 billion. BNP Paribas had a net margin of 25.42% and a return on equity of 10.39%. Research analysts anticipate that BNP Paribas SA will post 6.36 EPS for the current fiscal year.

About BNP Paribas

BNP Paribas is a French banking group that provides financial services to individuals, businesses, institutions and public-sector organizations. Its activities include retail and commercial banking, corporate and institutional banking, investment banking, wealth management, asset management, insurance and consumer finance. The group serves customers in Europe and has operations in the Americas and the Asia-Pacific region, with additional international activities. Its services include everyday banking, lending, payments, financing, investment and risk-management solutions.