KBC Group (OTCMKTS:KBCSY) Shares Cross Below 50-Day Moving Average – Should You Sell?

KBC Group SA (OTCMKTS:KBCSY)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $64.65 and traded as low as $62.94. KBC Group shares last traded at $63.07, with a volume of 22,047 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KBCSY. Zacks Research cut shares of KBC Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

KBC Group Trading Down 3.1%

The company has a market cap of $52.68 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.88 and a beta of 0.60. The company’s 50 day moving average price is $64.65 and its 200 day moving average price is $65.23.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Tuesday, May 12th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.07). KBC Group had a return on equity of 13.51% and a net margin of 14.98%.The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. Sell-side analysts predict that KBC Group SA will post 5.88 earnings per share for the current year.

About KBC Group

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.