KBC Bank (KBCSY) Downgraded by Zacks Investment Research to Hold

KBC Bank (OTCMKTS:KBCSY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “KBC Group NV is an integrated bank-insurance group, catering mainly for retail, private banking, SME and mid-cap clients. Its operating segment consists of Belgium Business, Czech Republic Business, International Markets Business and Group Centre. The Belgium Business segment engages in the retail and private banc assurance activities. The Czech Republic Business segment comprises all KBC’s activities. The Group Centre segment includes the operating results of the group’s holding-company activities. The International Markets Business segment comprises the activities conducted by entities in the other Central and Eastern European core countries. KBC Group NV is headquartered in Brussels, Belgium. “

Separately, ValuEngine downgraded KBC Bank from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

KBC Bank opened at $41.70 on Wednesday, according to Marketbeat Ratings. The firm has a market cap of $35.04 billion, a P/E ratio of 12.22 and a beta of 0.68. KBC Bank has a 12 month low of $35.13 and a 12 month high of $48.84.

KBC Bank (OTCMKTS:KBCSY) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $2.21 billion during the quarter. KBC Bank had a return on equity of 14.46% and a net margin of 25.98%. analysts anticipate that KBC Bank will post 3.72 earnings per share for the current fiscal year.

About KBC Bank

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients primarily in Belgium, and Central and Eastern Europe. It accepts deposits; offers loans to individuals, businesses, and public authorities; and provides services, including payments, cash management, trade finance, leasing, corporate finance, and money and capital market products.

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