Erste Group Bank AG (OTCMKTS:EBKDY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company.

EBKDY has been the topic of several recent research reports. The Goldman Sachs Group upgraded Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research note on Monday, July 20th. Zacks Research downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th.

Erste Group Bank Price Performance

OTCMKTS:EBKDY opened at $65.44 on Wednesday. Erste Group Bank has a 52 week low of $45.19 and a 52 week high of $68.28. The company has a fifty day simple moving average of $63.04 and a two-hundred day simple moving average of $60.49. The company has a market cap of $50.83 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.65 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.05). The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. On average, analysts expect that Erste Group Bank will post 5.85 EPS for the current year.

About Erste Group Bank

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.