Barclays Downgrades BNP Paribas (OTCMKTS:BNPQY) to Equal Weight

BNP Paribas (OTCMKTS:BNPQY) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports.

Several other research firms also recently issued reports on BNPQY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a report on Friday, October 10th. DZ Bank upgraded shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods lowered BNP Paribas from a “hold” rating to a “moderate sell” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

BNP Paribas Stock Performance

BNPQY opened at $39.85 on Wednesday. The stock has a 50-day moving average of $45.24 and a 200-day moving average of $44.23. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.65. BNP Paribas has a 52-week low of $28.93 and a 52-week high of $49.32. The company has a market cap of $89.01 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.68 and a beta of 1.07.

BNP Paribas (OTCMKTS:BNPQY) last announced its earnings results on Thursday, July 24th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. BNP Paribas had a return on equity of 8.40% and a net margin of 22.65%.The firm had revenue of $14.27 billion during the quarter, compared to analysts’ expectations of $12.75 billion. As a group, equities research analysts forecast that BNP Paribas will post 5.02 earnings per share for the current fiscal year.

BNP Paribas Company Profile

BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.