Erste Group Bank AG (OTCMKTS:EBKDY) Receives Consensus Rating of “Buy” from Brokerages

Erste Group Bank AG (OTCMKTS:EBKDY) has received an average recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company.

A number of analysts have recently weighed in on EBKDY shares. Zacks Research upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Finally, Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th.

Erste Group Bank Stock Down 2.9%

Shares of EBKDY opened at $61.03 on Friday. The company has a market capitalization of $47.40 billion, a P/E ratio of 14.67, a PEG ratio of 0.60 and a beta of 0.85. Erste Group Bank has a one year low of $29.50 and a one year high of $66.88. The business’s 50 day simple moving average is $61.82 and its 200-day simple moving average is $54.71. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.