Zacks Investment Research upgraded shares of Societe Generale SA (NASDAQ:SCGLY) from a sell rating to a hold rating in a research note released on Friday morning.

According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “

Shares of Societe Generale SA (NASDAQ SCGLY) opened at 11.89 on Friday. The company has a market capitalization of $47.60 billion and a price-to-earnings ratio of 12.75. Societe Generale SA has a 1-year low of $6.33 and a 1-year high of $11.96. The stock has a 50 day moving average price of $11.10 and a 200 day moving average price of $10.38.

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Societe Generale SA Company Profile

Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.

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