France is doing what it can to help improve its economy, trying its best to cut its huge national debt. After all, the country doesn't want to end up like one of the PIIGS. The Prime Minister, Francois Fillon, increased retirement age by two years, much to the dismay of the unions, and is considering freezing salaries for three years for government employees.
In addition, France will be hosting the G8 Summit next year. G8 is a forum for the governments of eight major countries: France, Germany, Italy, Japan, the United Kingdom, the United States, Canada, and Russia.
So the question is, are there some investment opportunities with French stocks? WallStreetNewsNetwork.com just published a new downloadable list of the stocks based in France.
France Telecom (FTE) is the largest telecom company in France and the third largest in Europe. The stock has a PE of 12 and a forward PE of 8.5. The PEG ratio is a reasonable 1.18, and the yield is a CD beating 4.7%.
Sanofi-Aventis (SNY) is the Paris based pharmaceutical company which has products that include Plavix, Ambien, Allegra, and Nasacort. The PE is 12 with a forward PE of 7.2. The PEG ratio is unfortunately very high at 5.38. The yield is decent 3.6%.
Veolia Environnement S.A. (VE) is a conglomerate involved in four businesses: water and wastewater services, environmental services, energy services, and bus, train, and ferry transportation services. The PE is 16.5 with a forward PE of 13.1. The PEG is 1.22 and the yield is 4.8%.
To see a list of the rest of the French stocks that trade in the US, which you can download, sort, and add to, go to WallStreetNewsNetwork.com.
Author does not own any of the above.
By Stockerblog.com
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