BNP PARIBAS/S (OTCMKTS:BNPQY) Downgraded by Zacks Investment Research to “Sell”

BNP PARIBAS/S (OTCMKTS:BNPQY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, reports.

According to Zacks, “BNP PARIBAS is a European leader in global banking and financial services and is one of the four strongest banks in the world according to Standard & Poor’s. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank’s two domestic markets in retail banking are France and Italy. In the United States, BNP Paribas employs 15,000 people including 2,500 employees in its Corporate and Investment Banking as well as Asset Management and Services businesses which are headquartered in New York. It is also present in other financial hubs throughout the United States including Chicago, San Francisco, Los Angeles, Dallas, Houston, Miami and Boston. BNP Paribas also operates a retail banking business through its subsidiary Bank of the West with over 700 branches in the Western US. “

A number of other brokerages also recently weighed in on BNPQY. Bank of America began coverage on BNP PARIBAS/S in a report on Wednesday, April 3rd. They issued a “neutral” rating on the stock. ValuEngine downgraded BNP PARIBAS/S from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd.

OTCMKTS BNPQY traded up $0.13 on Wednesday, reaching $23.43. The company’s stock had a trading volume of 262,654 shares, compared to its average volume of 252,629. BNP PARIBAS/S has a twelve month low of $21.55 and a twelve month high of $32.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $59.78 billion, a PE ratio of 6.93, a PEG ratio of 1.33 and a beta of 1.07. The business has a 50 day moving average price of $23.63.

BNP PARIBAS/S (OTCMKTS:BNPQY) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $12.66 billion for the quarter. BNP PARIBAS/S had a return on equity of 7.39% and a net margin of 18.42%. As a group, sell-side analysts anticipate that BNP PARIBAS/S will post 3.21 EPS for the current fiscal year.

BNP PARIBAS/S Company Profile

BNP Paribas SA provides a range of banking and financial services in France and internationally. It operates through two divisions, Retail Banking and Services, and Corporate and Institutional Banking. The company offers long-term corporate vehicle leasing, and rental and other financing solutions; and digital banking and investment services, cash management, and factoring services to corporate clients, as well as wealth management services.

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