Societe Generale Group (OTCMKTS:SCGLY) Downgraded by Zacks Research to Strong Sell

Zacks Research downgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a hold rating to a strong sell rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other research analysts have also recently commented on SCGLY. The Goldman Sachs Group restated a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods cut shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Societe Generale Group Stock Down 1.4%

Shares of SCGLY opened at $15.92 on Thursday. The stock has a market cap of $59.25 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 0.55 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. Societe Generale Group has a 12 month low of $10.46 and a 12 month high of $18.30. The company has a 50-day moving average price of $15.74 and a two-hundred day moving average price of $15.71.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. Equities analysts predict that Societe Generale Group will post 1.69 EPS for the current fiscal year.

Societe Generale Group Company Profile

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.