Societe Generale (SCGLY) Upgraded to “Hold” at Zacks Investment Research

Societe Generale (OTCMKTS:SCGLY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “

Separately, Credit Suisse Group reaffirmed an “underperform” rating on shares of Societe Generale in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $13.00.

Societe Generale (OTCMKTS SCGLY) traded down $0.05 on Tuesday, reaching $10.81. 32,494 shares of the company’s stock were exchanged, compared to its average volume of 253,784. Societe Generale has a 52-week low of $8.56 and a 52-week high of $12.05. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.05. The company has a market cap of $44,233.45, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.26.

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About Societe Generale

Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.

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