Credit Agricole (OTCMKTS:CRARY) Shares Down 5.8% – Should You Sell?

Credit Agricole SA (OTCMKTS:CRARY)’s stock price fell 5.8% during trading on Friday . The stock traded as low as $9.38 and last traded at $9.38. 4,320 shares traded hands during trading, a decline of 98% from the average session volume of 228,663 shares. The stock had previously closed at $9.9550.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRARY. Oddo Bhf upgraded shares of Credit Agricole from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft downgraded shares of Credit Agricole from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Keefe, Bruyette & Woods raised shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Credit Agricole in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Credit Agricole Stock Down 5.5%

The company has a market cap of $56.80 billion, a PE ratio of 7.82 and a beta of 0.66. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. The firm’s fifty day simple moving average is $9.74 and its 200-day simple moving average is $9.98.

Credit Agricole (OTCMKTS:CRARY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. The company had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.25 billion. As a group, equities research analysts expect that Credit Agricole SA will post 1.31 earnings per share 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.