Société Générale Société anonyme (OTCMKTS:SCGLY) Given Average Recommendation of “Moderate Buy” by Brokerages

Société Générale Société anonyme (OTCMKTS:SCGLY) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company.

Several research analysts have commented on the stock. UBS Group downgraded shares of Société Générale Société anonyme from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Kepler Capital Markets lowered Société Générale Société anonyme from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 2nd.

Société Générale Société anonyme Stock Down 3.1%

OTCMKTS SCGLY opened at $10.92 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61. Société Générale Société anonyme has a 1-year low of $4.30 and a 1-year high of $11.41. The company has a 50 day moving average of $10.04 and a 200-day moving average of $8.05. The company has a market cap of $43.70 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.26 and a beta of 1.07.

Société Générale Société anonyme (OTCMKTS:SCGLY) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. The company had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.02 billion. On average, equities research analysts expect that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal year.

Société Générale Société anonyme Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.1797 per share. The ex-dividend date is Thursday, May 22nd. This represents a dividend yield of 1.62%. Société Générale Société anonyme’s dividend payout ratio is currently 12.40%.

About Société Générale Société anonyme

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.