Credit Agricole (OTCMKTS:CRARY) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Credit Agricole SA (OTCMKTS:CRARY) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.74 and traded as high as $9.80. Credit Agricole shares last traded at $9.7495, with a volume of 104,097 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a report on Wednesday, February 11th. Keefe, Bruyette & Woods upgraded shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a report on Friday, March 6th. Oddo Bhf upgraded shares of Credit Agricole from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Credit Agricole from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Credit Agricole Stock Performance

The company has a market capitalization of $59.00 billion, a price-to-earnings ratio of 8.12 and a beta of 0.66. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a 50-day simple moving average of $9.74 and a two-hundred day simple moving average of $9.96.

Credit Agricole (OTCMKTS:CRARY) last released its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.25 billion. Credit Agricole had a return on equity of 24.26% and a net margin of 24.36%. On average, sell-side analysts anticipate that Credit Agricole SA will post 1.31 EPS for the current fiscal 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.