Credit Agricole (OTCMKTS:CRARY) Sees Unusually-High Trading Volume – Still a Buy?

Credit Agricole SA (OTCMKTS:CRARY) shares saw unusually-strong trading volume on Wednesday . 447,610 shares changed hands during mid-day trading, an increase of 85% from the previous session’s volume of 242,142 shares.The stock last traded at $11.06 and had previously closed at $11.13.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Credit Agricole Price Performance

The company has a market cap of $67.83 billion, a price-to-earnings ratio of 10.01 and a beta of 0.65. 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’s fifty day moving average price is $10.00 and its two-hundred day moving average price is $10.04.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Credit Agricole had a return on equity of 23.73% and a net margin of 23.39%.The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $7.99 billion. On average, equities research analysts forecast that Credit Agricole SA will post 1.29 EPS for the current fiscal year.

Credit Agricole Company Profile

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.