Erste Group Bank (OTCMKTS:EBKDY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a note issued to investors on Thursday.

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. “

Several other research firms have also recently issued reports on EBKDY. ValuEngine cut shares of Erste Group Bank from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. Kepler Capital Markets upgraded shares of Erste Group Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th.

Erste Group Bank (OTCMKTS EBKDY) traded down $0.01 on Thursday, hitting $20.65. 13,452 shares of the company traded hands, compared to its average volume of 92,377. Erste Group Bank has a 1 year low of $14.51 and a 1 year high of $22.60. The firm has a market cap of $18,085.99, a PE ratio of 16.18, a P/E/G ratio of 5.09 and a beta of 1.00.

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Erste Group Bank 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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