Scor (OTCMKTS:SCRYY) Rating Lowered to Sell at Zacks Investment Research

Scor (OTCMKTS:SCRYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “SCOR ADR is in the reinsurance business. “

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley upgraded shares of Scor from an “underweight” rating to an “equal weight” rating in a report on Tuesday, July 14th. Deutsche Bank restated a “buy” rating on shares of Scor in a report on Monday, May 4th. Berenberg Bank initiated coverage on shares of Scor in a report on Tuesday, June 23rd. They issued a “buy” rating for the company. ValuEngine upgraded shares of Scor from a “sell” rating to a “hold” rating in a report on Thursday, June 4th. Finally, Citigroup upgraded shares of Scor from a “neutral” rating to a “buy” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $2.75.

OTCMKTS SCRYY opened at $2.51 on Friday. The company has a current ratio of 8.21, a quick ratio of 8.21 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 25.12 and a beta of 1.24. The firm’s 50 day simple moving average is $2.73 and its 200 day simple moving average is $3.01. Scor has a 1 year low of $1.63 and a 1 year high of $4.33.

Scor (OTCMKTS:SCRYY) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.09). The company had revenue of $4.06 billion during the quarter. Scor had a net margin of 1.13% and a return on equity of 2.52%. On average, equities research analysts forecast that Scor will post 0.19 earnings per share for the current year.

Scor Company Profile

SCOR SE provides life and non-life reinsurance products worldwide. It operates through SCOR Global P&C and SCOR Global Life segments. The SCOR Global P&C segment offers reinsurance products in the areas of property and casualty treaties; specialty treaties, including credit and surety, decennial insurance, aviation, space, marine, engineering, agriculture risks, and alternative solutions; business solutions; business ventures and partnerships; and direct insurance products on a business-to-business basis.

Further Reading: Dead Cat Bounce

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Analyst Recommendations for Scor (OTCMKTS:SCRYY)

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