Zacks Investment Research downgraded shares of Bouygues (OTCMKTS: BOUYF – Get a rating) from a hold rating to a sell rating in a report released Thursday, Zacks.com reports.
According to Zacks, “Bouygues SA is a diversified industrial group. The company’s business sectors consist of Construction with public works and energy & services, Real Estate with property development and Colas, Telecoms with Bouygues Telecom and Media with TF1. Bouygues SA is based in Paris, France. “
Other analysts have also recently released reports on the company. Barclays cut its price target on Bouygues from €36.00 ($39.13) to €35.00 ($38.04) in a Friday, April 8 research note. Morgan Stanley moved Bouygues from an overweight rating to an equal weight rating in a Monday, March 28 research note. Finally, JPMorgan Chase & Co. raised its price target on Bouygues from €47.00 ($51.09) to €48.00 ($52.17) in a Friday, February 25 research note. One analyst rated the stock with a sell rating, three gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $42.24.
OTCMKTS: BOUYF opened at $35.01 on Thursday. The stock has a market capitalization of $66.50 billion, a price-earnings ratio of 10.06 and a beta of 1.18. The company has a quick ratio of 0.91, a current ratio of 1.04 and a leverage ratio of 0.45. Bouygues has a 52-week low of $32.01 and a 52-week high of $43.07. The stock’s fifty-day moving average is $35.26 and its two-hundred-day moving average is $36.44.
Bouygues (OTCMKTS: BOUYF – Get a rating) last reported quarterly earnings data on Thursday, February 24. The company reported earnings per share (EPS) of $0.96 for the quarter. The company posted revenue of $11.52 billion for the quarter, versus $11.06 billion expected by analysts. Bouygues posted a return on equity of 9.15% and a net margin of 2.98%. On average, sell-side analysts expect Bouygues to post EPS of 3.22 for the current financial year.
Bouygues company profile (Get a rating)
Bouygues SA, with its subsidiaries, is present in the construction, telecoms and media sectors in France and abroad. The company designs, builds, renovates, operates and deconstructs construction, infrastructure and industrial projects; develops urban planning, residential and commercial projects; builds and maintains roads and highways, airport runways, ports, industrial and commercial logistics hubs, roads and urban facilities, outdoor structures, dedicated public transport facilities, leisure facilities and environmental improvements, as well as civil engineering activities; produces and recycles building materials; and distributes bitumen.
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