KBC Group (OTCMKTS:KBCSY) Upgraded by Barclays to "Strong-Buy" Rating

Barclays upgraded shares of KBC Group (OTCMKTS:KBCSY - Free Report) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

KBC Group Trading Up 0.1 %

KBC Group stock traded up $0.05 during midday trading on Monday, hitting $42.61. 14,223 shares of the stock were exchanged, compared to its average volume of 25,714. The stock's 50-day simple moving average is $39.06 and its 200 day simple moving average is $38.03. KBC Group has a fifty-two week low of $33.98 and a fifty-two week high of $43.25. The stock has a market capitalization of $35.58 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.75 and a beta of 1.12.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.21. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.96 billion. Equities analysts anticipate that KBC Group will post 4.28 EPS for the current fiscal year.

About KBC Group

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. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.