Societe Generale Group (OTCMKTS:SCGLY) Downgraded by Kepler Capital Markets to Reduce

Societe Generale Group (OTCMKTS:SCGLY) was downgraded by research analysts at Kepler Capital Markets from a “buy” rating to a “reduce” rating in a research report issued to clients and investors on Friday.

SCGLY has been the subject of a number of other research reports. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Societe Generale Group has a consensus rating of “Moderate Buy”.

Societe Generale Group Trading Up 1.9%

Shares of OTCMKTS SCGLY opened at $16.50 on Friday. Societe Generale Group has a 1 year low of $5.58 and a 1 year high of $16.57. The stock has a market cap of $63.27 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.37 and a beta of 0.80. The firm has a 50-day moving average of $14.59 and a 200 day moving average of $13.30. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.54 billion. As a group, sell-side analysts expect that Societe Generale Group will post 1.14 EPS for the current fiscal year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.