KBC Grp NV/ADR (KBCSY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of KBC Grp NV/ADR (OTCMKTS:KBCSY) from a hold rating to a buy rating in a research report released on Tuesday. Zacks Investment Research currently has $43.00 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 assurance 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. “

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Separately, ValuEngine lowered shares of KBC Grp NV/ADR from a buy rating to a hold rating in a research note on Wednesday, May 2nd.

OTCMKTS:KBCSY opened at $38.78 on Tuesday. The stock has a market cap of $31.65 billion, a price-to-earnings ratio of 11.37 and a beta of 0.56. KBC Grp NV/ADR has a fifty-two week low of $37.32 and a fifty-two week high of $48.84.

KBC Grp NV/ADR (OTCMKTS:KBCSY) last released its quarterly earnings data on Thursday, May 17th. The company reported $0.80 earnings per share for the quarter. The business had revenue of $2.35 billion during the quarter. KBC Grp NV/ADR had a net margin of 25.24% and a return on equity of 14.20%. equities research analysts predict that KBC Grp NV/ADR will post 3.55 earnings per share 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 asset management services.

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