Credit Agricole Sa (CRARY) Rating Lowered to Hold at Zacks Investment Research

Credit Agricole Sa (NASDAQ:CRARY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Credit Agricole S.A. markets a complete range of financial products and services. It offers savings, investments, life insurance, credit, payment and insurance services. Its activities are organized into three business lines: Central body: it ensures the cohesion and smooth functioning of the network, and represents the Group with banking authorities; Specialized business: it provides asset management, insurance, private banking, consumer credit, leasing, factoring and Banking and investment. The strength of its retail bank and know -how of its subsidiaries enable it to intervene in all areas of banking and finance. Credit Agricole is headquartered in Paris, France. “

Separately, HSBC Holdings plc downgraded shares of Credit Agricole Sa from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.00.

Credit Agricole Sa (NASDAQ:CRARY) opened at 9.06 on Friday. Credit Agricole Sa has a 1-year low of $4.68 and a 1-year high of $9.17. The company’s 50 day moving average is $8.86 and its 200 day moving average is $7.79. The company has a market cap of $51.53 billion and a price-to-earnings ratio of 11.28.

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Credit Agricole Sa Company Profile

Credit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. The company operates through five segments: Asset gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large customers. It offers payment instruments, loans, saving products, and payment management products and services; and savings/retirement, death and disability/creditor/group, and property and casualty insurance products.

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