BNP Paribas (OTCMKTS:BNPQY) Stock Gets Downgrade from Zacks Research

BNP Paribas (OTCMKTS:BNPQY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

A number of other research firms have also recently issued reports on BNPQY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a research note on Wednesday, July 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a research note on Monday. Kepler Capital Markets upgraded shares of BNP Paribas from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a research report on Monday, July 20th. Finally, DZ Bank upgraded shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

BNP Paribas Trading Down 0.6%

OTCMKTS:BNPQY traded down $0.32 on Thursday, reaching $49.81. The company’s stock had a trading volume of 625,992 shares, compared to its average volume of 392,346. BNP Paribas has a 1-year low of $37.50 and a 1-year high of $65.50. The business’s 50-day moving average price is $57.95 and its two-hundred day moving average price is $56.43. The firm has a market cap of $109.74 billion, a PE ratio of 7.38, a PEG ratio of 0.49 and a beta of 0.80. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.78 and a current ratio of 0.78.

BNP Paribas (OTCMKTS:BNPQY) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. BNP Paribas had a return on equity of 10.19% and a net margin of 25.22%. The company had revenue of $16.38 billion for the quarter, compared to analyst estimates of $15.44 billion. Equities research analysts anticipate that BNP Paribas will post 6.39 earnings per share for the current fiscal year.

About BNP Paribas

BNP Paribas is a major European banking group headquartered in France. The company provides banking and financial services to individual customers, businesses, institutional clients and public-sector organizations through a range of operations spanning retail banking, commercial banking, corporate and institutional banking, and investment and protection services.

Its activities include deposit and lending products, payment services, consumer finance, wealth management, insurance, asset management, securities services, and capital-markets and advisory services.