CR AGRICOLE S A/ADR (OTCMKTS:CRARY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of CR AGRICOLE S A/ADR (OTCMKTS:CRARY) from a hold rating to a sell rating in a research report released on Monday, Zacks.com reports.

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. “

Several other brokerages have also recently weighed in on CRARY. 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.

Shares of CR AGRICOLE S A/ADR stock opened at $5.81 on Monday. CR AGRICOLE S A/ADR has a twelve month low of $5.11 and a twelve month high of $7.61. The firm has a market capitalization of $33.44 billion, a P/E ratio of 7.09 and a beta of 1.47.

The firm also recently disclosed an annual dividend, which was paid on Wednesday, June 12th. Investors of record on Thursday, May 23rd were paid a $0.276 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a dividend yield of 4.07%. CR AGRICOLE S A/ADR’s dividend payout ratio is 32.93%.

CR AGRICOLE S A/ADR Company Profile

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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