Credit Agricole (OTCMKTS:CRARY) Shares Down 4.2% – Here’s Why

Credit Agricole SA (OTCMKTS:CRARY) traded down 4.2% on Thursday . The stock traded as low as $10.57 and last traded at $10.5770. Approximately 19,971 shares changed hands during trading, a decline of 92% from the average session volume of 238,157 shares. The stock had previously closed at $11.04.

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 issued a Hold rating to the stock. According to data from MarketBeat, Credit Agricole currently has a consensus rating of “Hold”.

Credit Agricole Stock Performance

The stock has a market capitalization of $64.21 billion, a P/E ratio of 9.47 and a beta of 0.65. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.79. The company has a 50-day moving average price of $10.58 and a two-hundred day moving average price of $10.14.

Credit Agricole (OTCMKTS:CRARY) last announced its earnings results on Friday, July 31st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). Credit Agricole had a net margin of 23.39% and a return on equity of 23.73%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $7.99 billion. On average, equities analysts forecast that Credit Agricole SA will post 1.34 earnings per share for the current 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.