Societe Generale Group (OTCMKTS:SCGLY) Raised to “Hold” at Zacks Research

Societe Generale Group (OTCMKTS:SCGLY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

SCGLY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, May 26th. Kepler Capital Markets raised shares of Societe Generale Group from a “reduce” rating to a “hold” rating in a research note on Friday, May 15th. Societe Generale upgraded shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Citigroup restated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, June 9th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Societe Generale Group Price Performance

Societe Generale Group stock opened at $17.69 on Monday. The company has a market capitalization of $65.83 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.59 and a beta of 0.80. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. Societe Generale Group has a 12 month low of $11.31 and a 12 month high of $18.30. The stock’s 50 day moving average is $16.55 and its 200-day moving average is $16.36.

Societe Generale Group (OTCMKTS:SCGLY) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $8.32 billion during the quarter, compared to the consensus estimate of $8.29 billion. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%. Equities research analysts expect that Societe Generale Group will post 1.7 EPS for the current year.

About Societe Generale Group

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.