Zacks Investment Research Upgrades Societe Generale (SCGLY) to “Hold”

Zacks Investment Research upgraded shares of Societe Generale (OTCMKTS:SCGLY) from a strong sell rating to a hold rating in a report issued on Tuesday, January 9th.

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. “

Separately, Credit Suisse Group reaffirmed an underperform rating on shares of Societe Generale in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $13.00.

Shares of Societe Generale (OTCMKTS:SCGLY) traded down $0.47 during midday trading on Tuesday, hitting $11.24. 71,211 shares of the company’s stock traded hands, compared to its average volume of 165,570. Societe Generale has a 12 month low of $8.56 and a 12 month high of $12.05. The stock has a market capitalization of $45,404.93, a P/E ratio of 13.88, a PEG ratio of 1.22 and a beta of 1.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.05.

Societe Generale (OTCMKTS:SCGLY) last announced its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. Societe Generale had a net margin of 13.02% and a return on equity of 4.83%. equities research analysts expect that Societe Generale will post 1.12 earnings per share for the current fiscal year.

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Societe Generale 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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