Citigroup was Downgraded to a Hold Rating at BMO Capital

By Carrie Williams

BMO Capital analyst James Fotheringham downgraded Citigroup (NYSE: C) to Hold today. The company’s shares closed on Friday at $67.43, close to its 52-week high of $68.91.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 14.7% and a 80.6% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Discover Financial Services, Goldman Sachs Group Inc, and Apollo Investment Corp.

Citigroup has an analyst consensus of Moderate Buy, with a price target consensus of $72.67.

Based on Citigroup’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $22.08 billion and quarterly net profit of $3.82 billion. In comparison, last year the company earned revenue of $21.08 billion and had a net profit of $3.95 billion.

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