Erste Group Bank (OTCMKTS:EBKDY) Stock Rating Lowered by Zacks Research

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

Separately, Citigroup upgraded Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Erste Group Bank has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

Erste Group Bank stock opened at $55.43 on Monday. The stock has a market capitalization of $43.05 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.55 and a beta of 0.89. Erste Group Bank has a 52-week low of $29.70 and a 52-week high of $66.88. The stock’s 50 day moving average price is $58.31 and its two-hundred day moving average price is $55.96.

Erste Group Bank Company Profile

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.