Credit Agricole (OTCMKTS:CRARY – Get Free Report) issued its earnings results on Friday. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Zacks reports. Credit Agricole had a return on equity of 32.35% and a net margin of 24.36%.
Credit Agricole Stock Up 2.6%
OTCMKTS:CRARY traded up $0.28 during trading hours on Friday, hitting $11.08. 440,160 shares of the company traded hands, compared to its average volume of 242,577. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79. The company has a market cap of $67.05 billion, a PE ratio of 9.23 and a beta of 0.66. The firm’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $10.03. Credit Agricole has a one year low of $8.80 and a one year high of $11.33.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
About Credit Agricole
Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.
The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.
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