Credit Agricole Sa (CRARY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Credit Agricole Sa (NASDAQ:CRARY) from a buy rating to a hold rating in a research note released on Tuesday, July 18th.

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. “

Other equities analysts have also issued reports about the stock. HSBC Holdings plc lowered shares of Credit Agricole Sa from a buy rating to a hold rating in a report on Friday, July 7th. Barclays PLC upgraded shares of Credit Agricole Sa from an equal weight rating to an overweight rating in a report on Tuesday, March 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Credit Agricole Sa presently has a consensus rating of Buy and a consensus price target of $10.00.

Credit Agricole Sa (NASDAQ CRARY) traded up 0.73% during mid-day trading on Tuesday, hitting $8.93. The stock had a trading volume of 82,447 shares. The firm’s 50-day moving average price is $8.52 and its 200-day moving average price is $7.38. Credit Agricole Sa has a 1-year low of $4.39 and a 1-year high of $9.17.

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About Credit Agricole Sa

Credit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. The company operates through five segments: Asset gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large customers. It offers payment instruments, loans, saving products, and payment management products and services; and savings/retirement, death and disability/creditor/group, and property and casualty insurance products.

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