Zacks Investment Research downgraded shares of Erste Group Bank AG (OTCMKTS:EBKDY) from a buy rating to a hold rating in a report issued on Wednesday.

According to Zacks, “The Erste Bank der Muster is a traditional banking group and providering financial services in Central and Eastern Europe. It focuses on retail and SME banking. It offers a range of products through group-wide bundling of product know how into Competence Centres covering, among others, Debt financing, Equity capital markets ,Mergers and acquisitions,Debt advisory, Project financing, Syndication, Real Estate financing and solutions, Infrastructure Finance & Public Sector, Merchant Banking / Private Equity, Leasing solutions (IMMORENT), and Corporate Cash Management. Its customers can avail its products in netbanking, wether it is Komfort-Kredit, Profit account, Bonus account, Building society contract, Pension plan or the order of MasterCard or VISA Card. Erste Bank focuses on private clients, corporate clients and the public sector. it offers all financial products under one roof. It operates in the areas of investment , construction and living , and leasing. Erste Bank is based in Vienna, Austria. “

Separately, Goldman Sachs Group Inc. raised shares of Erste Group Bank AG from a neutral rating to a buy rating in a report on Wednesday, June 29th.

Erste Group Bank AG (OTCMKTS:EBKDY) opened at 15.01 on Wednesday. The stock has a market capitalization of $12.30 billion, a PE ratio of 8.67 and a beta of 1.05. Erste Group Bank AG has a 12-month low of $10.27 and a 12-month high of $15.88. The stock’s 50 day moving average is $14.58 and its 200 day moving average is $13.43.

About Erste Group Bank AG

Erste Group Bank AG is an Austria-based savings bank. The Company offers a range of banking and other financial services, such as savings accounts, asset management (including investment funds), consumer credit and mortgage lending, investment banking, securities and derivatives trading, portfolio management, project finance, foreign trade financing, corporate finance, capital market and money market services, foreign exchange trading, leasing and factoring.

Get a free copy of the Zacks research report on Erste Group Bank AG (EBKDY)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Erste Group Bank AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Erste Group Bank AG and related companies with's FREE daily email newsletter.