KBC Group (OTCMKTS:KBCSY) Lowered to Hold Rating by Zacks Research

KBC Group (OTCMKTS:KBCSY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on KBCSY. Barclays lowered shares of KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, KBC Group presently has a consensus rating of “Hold”.

KBC Group Stock Down 0.7%

KBCSY stock opened at $62.88 on Wednesday. The firm has a market capitalization of $52.52 billion, a PE ratio of 12.68, a PEG ratio of 0.95 and a beta of 0.59. KBC Group has a twelve month low of $38.90 and a twelve month high of $73.12. The stock has a 50-day simple moving average of $66.01 and a two-hundred day simple moving average of $63.46.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. KBC Group had a net margin of 15.70% and a return on equity of 13.89%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. On average, equities research analysts anticipate that KBC Group will post 4.28 EPS for the current fiscal 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.