Societe Generale Group (OTCMKTS:SCGLY) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Several other analysts have also issued reports on SCGLY. Kepler Capital Markets lowered Societe Generale Group from a “buy” rating to a “reduce” rating in a report on Friday, January 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

Shares of OTCMKTS SCGLY opened at $16.76 on Wednesday. Societe Generale Group has a 12-month low of $7.29 and a 12-month high of $18.30. The firm has a market capitalization of $64.27 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.60 and a beta of 0.78. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.40. The firm has a 50 day moving average of $16.39 and a 200 day moving average of $14.23.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings results on Friday, February 6th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.74%. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.77 billion. On average, research analysts anticipate that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.