Erste Group Bank (OTCMKTS:EBKDY) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Erste Group Bank (OTCMKTS:EBKDY) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Barclays upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. 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 issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Erste Group Bank has a consensus rating of “Moderate Buy”.

Erste Group Bank Trading Down 0.6%

OTCMKTS:EBKDY traded down $0.39 during trading hours on Monday, hitting $64.40. The stock had a trading volume of 8,016 shares, compared to its average volume of 69,811. The business’s 50 day moving average is $59.83 and its 200-day moving average is $52.99. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $50.02 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 0.70 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.

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.