Erste Group Bank AG (OTCMKTS:EBKDY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “strong sell” rating in a research report issued to clients and investors 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, ValuEngine raised shares of Erste Group Bank AG from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) traded down 2.80% during trading on Wednesday, reaching $21.19. 12,645 shares of the company’s stock were exchanged. The stock has a market cap of $17.40 billion, a P/E ratio of 12.39 and a beta of 0.93. The company has a 50 day moving average of $19.71 and a 200 day moving average of $17.43. Erste Group Bank AG has a 12-month low of $13.34 and a 12-month high of $21.70.

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Erste Group Bank AG Company Profile

Erste Group Bank AG is a 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.

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