CR AGRICOLE S A/ADR (OTCMKTS:CRARY) Rating Increased to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of CR AGRICOLE S A/ADR (OTCMKTS:CRARY) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning, Zacks.com reports. They currently have $6.75 target price on the stock.

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 analysts have also recently weighed in on the stock. Bank of America began coverage on shares of CR AGRICOLE S A/ADR in a research note on Wednesday, April 3rd. They issued a buy rating on the stock. UBS Group cut shares of CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a research note on Monday, May 20th.

CRARY traded down $0.02 during midday trading on Wednesday, reaching $5.92. The company had a trading volume of 4,512 shares, compared to its average volume of 43,317. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 5.19. The company has a market capitalization of $34.23 billion, a PE ratio of 7.22 and a beta of 1.46. CR AGRICOLE S A/ADR has a 12-month low of $5.11 and a 12-month high of $7.61. The business’s 50-day moving average price is $5.98.

About CR AGRICOLE S A/ADR

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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