Zacks Research Downgrades Scor (OTCMKTS:SCRYY) to Hold

Scor (OTCMKTS:SCRYY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. BNP Paribas Exane raised Scor from a “neutral” rating to an “outperform” rating in a research note on Monday, January 12th. The Goldman Sachs Group cut shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Scor Price Performance

SCRYY stock opened at $3.47 on Wednesday. The business has a 50 day simple moving average of $3.41 and a 200-day simple moving average of $3.35. The firm has a market capitalization of $6.23 billion, a PE ratio of 6.43 and a beta of 0.55. Scor has a 1 year low of $2.31 and a 1 year high of $3.73.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Wednesday, March 4th. The financial services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $3.83 billion. Scor had a return on equity of 20.42% and a net margin of 5.55%. On average, equities research analysts expect that Scor will post -0.01 EPS for the current year.

Scor Company Profile

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.