Erste Group Bank (OTCMKTS:EBKDY) Upgraded to “Strong-Buy” at Zacks Research

Erste Group Bank (OTCMKTS:EBKDY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on EBKDY. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Erste Group Bank presently has an average rating of “Moderate Buy”.

Erste Group Bank Trading Down 0.6%

Shares of OTCMKTS:EBKDY opened at $64.79 on Monday. The firm has a fifty day moving average price of $59.83 and a 200 day moving average price of $52.99. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36. Erste Group Bank has a 1 year low of $29.50 and a 1 year high of $66.88. The stock has a market capitalization of $50.32 billion, a PE ratio of 15.57, a P/E/G ratio of 0.70 and a beta of 0.85.

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.