KBC Group (OTCMKTS:KBCSY) Reaches New 52-Week High - What's Next?

KBC Group NV (OTCMKTS:KBCSY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.25 and last traded at $43.13, with a volume of 16642 shares changing hands. The stock had previously closed at $42.97.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded KBC Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 17th.

KBC Group Stock Performance

The stock has a 50-day moving average of $39.06 and a two-hundred day moving average of $38.03. The company has a market cap of $35.58 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.75 and a beta of 1.12.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.21. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.96 billion. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. As a group, sell-side analysts forecast that KBC Group NV 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.