Keefe, Bruyette & Woods Upgrades BNP Paribas (OTCMKTS:BNPQY) to Moderate Buy

BNP Paribas (OTCMKTS:BNPQY) was upgraded by research analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Friday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a research report on Tuesday, February 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a research note on Friday, February 6th. Zacks Research downgraded shares of BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Citigroup reissued a “buy” rating on shares of BNP Paribas in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

BNP Paribas Trading Up 0.0%

Shares of OTCMKTS BNPQY opened at $50.64 on Friday. The company’s 50 day simple moving average is $52.42 and its 200 day simple moving average is $46.73. The firm has a market capitalization of $111.57 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.60 and a beta of 0.69. BNP Paribas has a fifty-two week low of $34.77 and a fifty-two week high of $57.31. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80.

BNP Paribas (OTCMKTS:BNPQY) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. BNP Paribas had a return on equity of 9.18% and a net margin of 23.53%.The company had revenue of $15.27 billion for the quarter, compared to the consensus estimate of $15.27 billion. On average, analysts predict that BNP Paribas will post 5.02 EPS for the current year.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.