KBC Group (OTCMKTS:KBCSY) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of KBC Group (OTCMKTS:KBCSY) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

KBCSY has been the topic of several other research reports. Barclays downgraded KBC Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. Finally, Citigroup reiterated a “neutral” rating on shares of KBC Group in a research report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, KBC Group has an average rating of “Hold”.

KBC Group Trading Down 0.7%

OTCMKTS:KBCSY opened at $62.88 on Wednesday. The company has a market capitalization of $52.52 billion, a P/E ratio of 12.68, a PEG ratio of 0.95 and a beta of 0.59. KBC Group has a 12 month low of $38.90 and a 12 month high of $73.12. The firm has a fifty day simple moving average of $66.01 and a 200-day simple moving average of $63.46.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Thursday, February 12th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.02. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. KBC Group had a return on equity of 13.89% and a net margin of 15.70%. Equities analysts forecast that KBC Group will post 4.28 EPS for the current year.

About KBC Group

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.