CR AGRICOLE S A/ADR (CRARY) Rating Lowered to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of CR AGRICOLE S A/ADR (OTCMKTS:CRARY) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.
According to Zacks, “Credit Agricole S.A. markets a complete range of financial products and services. It offers savings, investments, life insurance, credit, payment and insurance services. Its activities are organized into three business lines: Central body: it ensures the cohesion and smooth functioning of the network, and represents the Group with banking authorities; Specialized business: it provides asset management, insurance, private banking, consumer credit, leasing, factoring and Banking and investment. The strength of its retail bank and know -how of its subsidiaries enable it to intervene in all areas of banking and finance. Credit Agricole is headquartered in Paris, France. “
Separately, Morgan Stanley upgraded shares of CR AGRICOLE S A/ADR to a buy rating in a research report on Tuesday, October 2nd.
CR AGRICOLE S A/ADR (OTCMKTS:CRARY) last released its earnings results on Wednesday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter. CR AGRICOLE S A/ADR had a net margin of 18.72% and a return on equity of 6.42%. The company had revenue of $5.58 billion for the quarter. On average, analysts forecast that CR AGRICOLE S A/ADR will post 0.76 earnings per share for the current year.
CR AGRICOLE S A/ADR Company Profile
Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through five segments: Asset Gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large Customers. The company offers payment instruments, loans, and saving products; savings/retirement, death and disability/creditor/group, and property and casualty insurance products; and expertise and investment solutions for active, passive, real estate, and alternative asset management.
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