Societe Generale (OTCMKTS:SCGLY) Upgraded at Citigroup

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Citigroup upgraded shares of Societe Generale (OTCMKTS:SCGLY) from a neutral rating to a buy rating in a research note released on Friday, Briefing.com Automated Import reports.

Several other brokerages have also recently commented on SCGLY. Zacks Investment Research upgraded shares of Societe Generale from a sell rating to a hold rating in a research report on Friday, July 26th. BNP Paribas reiterated a buy rating on shares of Societe Generale in a research report on Thursday, July 11th. JPMorgan Chase & Co. upgraded shares of Societe Generale from a neutral rating to an overweight rating in a research report on Wednesday, July 17th. ValuEngine upgraded shares of Societe Generale from a strong sell rating to a sell rating in a research report on Thursday, August 1st. Finally, HSBC reiterated a hold rating on shares of Societe Generale in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Societe Generale currently has an average rating of Hold and a consensus target price of $44.50.

Shares of OTCMKTS:SCGLY opened at $5.02 on Friday. Societe Generale has a one year low of $4.68 and a one year high of $9.07. The business’s 50 day simple moving average is $5.03. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $20.38 billion, a PE ratio of 4.33 and a beta of 1.07.

Societe Generale (OTCMKTS:SCGLY) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.16 by $0.09. Societe Generale had a net margin of 14.23% and a return on equity of 6.37%. The company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.99 billion. On average, sell-side analysts anticipate that Societe Generale will post 0.75 EPS for the current year.

Societe Generale Company Profile

Société Générale Société anonyme provides financial services in Europe and internationally. Its primary businesses include French retail banking; international retail banking, insurance, and financial services; and global banking and investor solutions. The company offers retail banking services to individual customers, professionals, and businesses and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama Banque brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.

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Analyst Recommendations for Societe Generale (OTCMKTS:SCGLY)

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