Zacks Investment Research Upgrades CR AGRICOLE S A/ADR (OTCMKTS:CRARY) to “Hold”

Zacks Investment Research upgraded shares of CR AGRICOLE S A/ADR (OTCMKTS:CRARY) from a sell rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

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. “

A number of other research firms also recently issued reports on CRARY. UBS Group downgraded shares of CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a research report on Monday, May 20th. Bank of America boosted their target price on shares of Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the company an outperform rating in a research report on Wednesday, April 3rd.

OTCMKTS CRARY opened at $6.14 on Tuesday. The firm has a market capitalization of $34.80 billion, a P/E ratio of 7.48 and a beta of 1.46. The firm’s fifty day simple moving average is $5.85. CR AGRICOLE S A/ADR has a 1 year low of $5.11 and a 1 year high of $7.61.

The company also recently disclosed an annual dividend, which was paid on Wednesday, June 12th. Shareholders of record on Thursday, May 23rd were given a $0.276 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a dividend yield of 4.07%. CR AGRICOLE S A/ADR’s dividend payout ratio (DPR) is currently 32.93%.

CR AGRICOLE S A/ADR Company Profile

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through five segments: Asset Gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large Customers. The company offers payment instruments, loans, and saving products; savings/retirement, death and disability/creditor/group, and property and casualty insurance products; and expertise and investment solutions for active, passive, real estate, and alternative asset management.

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