KBC Grp NV/ADR (OTCMKTS:KBCSY) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of KBC Grp NV/ADR (OTCMKTS:KBCSY) from a hold rating to a buy rating in a research report report published on Thursday, September 27th. They currently have $44.00 price objective on the stock.

According to Zacks, “KBC Group NV is an integrated bank-insurance group, catering mainly for retail, private banking, SME and mid-cap clients. Its operating segment consists of Belgium Business, Czech Republic Business, International Markets Business and Group Centre. The Belgium Business segment engages in the retail and private banc badurance activities. The Czech Republic Business segment comprises all KBC’s activities. The Group Centre segment includes the operating results of the group’s holding-company activities. The International Markets Business segment comprises the activities conducted by entities in the other Central and Eastern European core countries. KBC Group NV is headquartered in Brussels, Belgium. “

Separately, ValuEngine downgraded shares of KBC Grp NV/ADR from a hold rating to a sell rating in a research note on Monday, July 2nd.

Shares of KBCSY traded down $0.51 during trading hours on Thursday, reaching $36.09. 22,790 shares of the stock traded hands, compared to its average volume of 28,050. The stock has a market cap of $30.64 billion, a price-to-earnings ratio of 10.58 and a beta of 0.29. KBC Grp NV/ADR has a 52-week low of $35.14 and a 52-week high of $48.84.

KBC Grp NV/ADR (OTCMKTS:KBCSY) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.96 EPS for the quarter. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.16 billion. KBC Grp NV/ADR had a net margin of 24.35% and a return on equity of 12.64%. On average, equities research badysts anticipate that KBC Grp NV/ADR will post 3.84 EPS for the current year.

KBC Grp NV/ADR Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients primarily in Belgium, Bulgaria, the Czech Republic, Hungary, Ireland, and Slovakia. It accepts deposits; offers loans to individuals, businesses, and public authorities; and provides services, including payments, cash management, trade finance, leasing, corporate finance, and money and capital market products, as well as offers badet management services.

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