Credit Agricole (OTCMKTS:CRARY) Shares Gap Up – Time to Buy?

Credit Agricole SA (OTCMKTS:CRARY)’s share price gapped up prior to trading 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.

Analyst Upgrades and Downgrades

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

Credit Agricole Stock Performance

The company’s 50 day simple moving average is $10.46 and its 200 day simple moving average is $9.86. The stock has a market cap of $67.42 billion, a PE ratio of 9.36 and a beta of 0.65.

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

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.