BNP Paribas (OTCMKTS:BNPQY) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of BNP Paribas (OTCMKTS:BNPQY) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Several other brokerages have also recently commented on BNPQY. DZ Bank cut shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a report on Wednesday. Keefe, Bruyette & Woods raised BNP Paribas from a “moderate sell” rating to a “hold” rating in a report on Monday, December 15th. Barclays downgraded BNP Paribas from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, BNP Paribas currently has an average rating of “Hold”.

BNP Paribas Stock Up 1.0%

BNPQY stock opened at $50.79 on Tuesday. The business’s fifty day moving average price is $45.73 and its two-hundred day moving average price is $44.90. The stock has a market capitalization of $113.44 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.72 and a beta of 0.74. BNP Paribas has a fifty-two week low of $32.36 and a fifty-two week high of $51.19. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. BNP Paribas had a net margin of 22.74% and a return on equity of 8.56%. The business had revenue of $81.48 billion for the quarter, compared to the consensus estimate of $12.84 billion. On average, equities analysts anticipate that BNP Paribas will post 5.02 earnings per share for the current year.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.