Erste Group Bank (OTCMKTS:EBKDY) Rating Lowered to “Hold” at Citigroup

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

Several other equities research analysts have also issued reports on the company. UBS Group lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research note on Friday, November 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research note on Friday. Finally, The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Down 0.2 %

Shares of EBKDY stock opened at $34.90 on Monday. The business has a 50-day moving average price of $32.82 and a two-hundred day moving average price of $29.56. Erste Group Bank has a 12-month low of $20.40 and a 12-month high of $37.24. The firm has a market cap of $28.65 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.