Societe Generale (SCGLY) Upgraded at ValuEngine

ValuEngine upgraded shares of Societe Generale (OTCMKTS:SCGLY) from a strong sell rating to a sell rating in a research note released on Wednesday, ValuEngine reports.

Several other brokerages have also recently weighed in on SCGLY. Zacks Investment Research cut Societe Generale from a hold rating to a strong sell rating in a report on Wednesday, May 15th. Bank of America reissued an underperform rating on shares of Societe Generale in a report on Wednesday, April 3rd. HSBC reissued a hold rating on shares of Societe Generale in a report on Thursday, April 4th. Jefferies Financial Group cut Societe Generale from a buy rating to a hold rating in a report on Tuesday, February 26th. Finally, Keefe, Bruyette & Woods reissued an underperform rating on shares of Societe Generale in a report on Monday, February 11th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $44.50.

Shares of OTCMKTS SCGLY opened at $5.20 on Wednesday. The stock has a market cap of $21.01 billion, a P/E ratio of 4.48 and a beta of 1.03. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.40 and a current ratio of 1.41. Societe Generale has a 12-month low of $5.05 and a 12-month high of $9.10.

Societe Generale (OTCMKTS:SCGLY) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. The business had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.99 billion. Societe Generale had a net margin of 14.59% and a return on equity of 6.16%. On average, sell-side analysts forecast that Societe Generale will post 0.76 earnings per share for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 6.7%. Societe Generale’s dividend payout ratio is currently 36.21%.

About Societe Generale

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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