Societe Generale Group (OTCMKTS:SCGLY) Upgraded by Kepler Capital Markets to Buy Rating

Kepler Capital Markets upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a hold rating to a buy rating in a research note issued to investors on Monday, MarketBeat.com reports.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded Societe Generale Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. UBS Group upgraded Societe Generale Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 5th. Finally, Barclays restated an “overweight” rating on shares of Societe Generale Group in a research report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Societe Generale Group Price Performance

OTCMKTS SCGLY opened at $12.65 on Monday. The business’s fifty day moving average is $12.88 and its 200 day moving average is $11.99. Societe Generale Group has a fifty-two week low of $5.09 and a fifty-two week high of $14.09. The company has a market capitalization of $49.66 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.39 and a beta of 1.09. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.32 and a current ratio of 1.32.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. Societe Generale Group had a return on equity of 6.37% and a net margin of 20.06%.The business had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. Sell-side analysts predict that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 24th. Investors of record on Tuesday, October 7th were given a $0.109 dividend. This represents a dividend yield of 216.0%. The ex-dividend date was Monday, October 6th. Societe Generale Group’s payout ratio is currently 17.33%.

Societe Generale Group Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.