Credit Agricole (OTCMKTS:CRARY) Hits New 1-Year High – Still a Buy?

Credit Agricole SA (OTCMKTS:CRARY)’s stock price reached a new 52-week high on Thursday . The company traded as high as $11.61 and last traded at $11.57, with a volume of 115862 shares traded. The stock had previously closed at $11.4890.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Credit Agricole Stock Up 0.3%

The firm has a 50 day moving average price of $10.30 and a two-hundred day moving average price of $10.11. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. The company has a market capitalization of $70.20 billion, a price-to-earnings ratio of 10.36 and a beta of 0.65.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $7.99 billion. Credit Agricole had a net margin of 23.39% and a return on equity of 23.73%. As a group, sell-side analysts expect that Credit Agricole SA will post 1.34 earnings per share for the current year.

About Credit Agricole

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.