Bank of America Upgrades Scor (OTCMKTS:SCRYY) to Buy

Scor (OTCMKTS:SCRYY) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Monday, February 4th, The Fly reports.

A number of other research firms have also weighed in on SCRYY. JPMorgan Chase & Co. lowered Scor from an “overweight” rating to a “neutral” rating in a report on Monday, October 8th. Zacks Investment Research downgraded Scor from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold”.

Shares of SCRYY stock traded up $0.06 on Monday, hitting $4.50. The company had a trading volume of 21,348 shares, compared to its average volume of 293,141. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 22.50 and a beta of 0.49. The company has a current ratio of 8.64, a quick ratio of 8.64 and a debt-to-equity ratio of 0.49. Scor has a twelve month low of $3.50 and a twelve month high of $4.92.

Scor (OTCMKTS:SCRYY) last issued its quarterly earnings results on Wednesday, February 20th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company had revenue of $4.02 billion during the quarter. Scor had a net margin of 2.42% and a return on equity of 5.25%. Sell-side analysts forecast that Scor will post 0.36 earnings per share for the current year.

About Scor

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.

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