Societe Generale Group (OTCMKTS:SCGLY) Upgraded at Zacks Research

Zacks Research upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Kepler Capital Markets cut shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, January 21st. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Societe Generale Group Trading Down 5.2%

Shares of SCGLY opened at $15.89 on Wednesday. The stock has a 50 day simple moving average of $16.42 and a 200-day simple moving average of $14.26. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.40. The stock has a market cap of $60.93 billion, a PE ratio of 9.35, a PEG ratio of 0.58 and a beta of 0.78. Societe Generale Group has a 1 year low of $7.29 and a 1 year high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Friday, February 6th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.77 billion. Societe Generale Group had a return on equity of 6.74% and a net margin of 22.01%. On average, sell-side analysts predict that Societe Generale Group will post 1.14 EPS for the current fiscal year.

About Societe Generale Group

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.