Bank of America Corp. Upgrades BNP Paribas to “Buy” (BNPQY)
BNP Paribas (NASDAQ:BNPQY) was upgraded by analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Stock Ratings News reports.
BNP Paribas (NASDAQ:BNPQY) traded up 1.58% on Thursday, hitting $37.36. The stock had a trading volume of 30,269 shares. BNP Paribas has a 1-year low of $23.52 and a 1-year high of $34.13. The stock has a 50-day moving average of $32.88 and a 200-day moving average of $29.28. The company has a market cap of $92.775 billion and a price-to-earnings ratio of 14.20.
A number of other analysts have also recently weighed in on BNPQY. Analysts at Macquarie upgraded shares of BNP Paribas from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 11th. Analysts at Jefferies Group initiated coverage on shares of BNP Paribas in a research note to investors on Tuesday, September 3rd. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy”.
BNP Paribas SA is a France-based bank group with operations throughout the world. It has three core businesses: Retail Banking, Asset Management and Services, as well as Corporate and Investment Banking.
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