Erste Group Bank (OTCMKTS:EBKDY) Raised to Strong-Buy at Citigroup

Erste Group Bank (OTCMKTS:EBKDY) was upgraded by stock analysts at Citigroup to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley reaffirmed 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 note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Zacks Research raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Erste Group Bank Stock Down 0.8%

Shares of OTCMKTS EBKDY opened at $63.55 on Wednesday. The business has a 50-day moving average price of $61.04 and a 200 day moving average price of $53.78. The stock has a market cap of $49.36 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.85. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 1.36. Erste Group Bank has a 52-week low of $29.50 and a 52-week high of $66.88.

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.