BNP PARIBAS/S (OTCMKTS:BNPQY) Downgraded to Hold at Zacks Investment Research

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

Separately, ValuEngine downgraded shares of BNP PARIBAS/S from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th.

BNP PARIBAS/S stock traded down $0.16 during midday trading on Wednesday, reaching $21.02. 357,516 shares of the stock traded hands, compared to its average volume of 415,231. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.62. The firm has a fifty day moving average price of $21.44 and a two-hundred day moving average price of $18.93. The firm has a market cap of $52.47 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 2.44 and a beta of 1.35. BNP PARIBAS/S has a fifty-two week low of $13.18 and a fifty-two week high of $30.13.

BNP PARIBAS/S (OTCMKTS:BNPQY) last issued its quarterly earnings results on Friday, July 31st. The financial services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.19. The company had revenue of $12.85 billion during the quarter, compared to analyst estimates of $13.02 billion. BNP PARIBAS/S had a net margin of 16.45% and a return on equity of 6.49%. Analysts anticipate that BNP PARIBAS/S will post 2.47 earnings per share for the current year.

About BNP PARIBAS/S

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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