Zacks Investment Research downgraded shares of Credit Suisse Group (NYSE:CS) from a buy rating to a hold rating in a research note released on Tuesday morning.
According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “
A number of other equities analysts also recently issued reports on the company. Societe Generale downgraded Credit Suisse Group from a buy rating to a hold rating in a research report on Tuesday. UBS Group reissued a buy rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Goldman Sachs Group reissued a buy rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Citigroup reissued a buy rating on shares of Credit Suisse Group in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of Credit Suisse Group in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $20.00.
Credit Suisse Group (NYSE CS) traded up $0.21 on Tuesday, hitting $18.96. The stock had a trading volume of 2,609,293 shares, compared to its average volume of 1,937,674. Credit Suisse Group has a fifty-two week low of $13.28 and a fifty-two week high of $18.96. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09. The company has a market cap of $47,925.22, a P/E ratio of -30.10 and a beta of 1.51.
A number of hedge funds have recently modified their holdings of CS. Zions Bancorporation boosted its position in Credit Suisse Group by 2,018.8% during the third quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 7,187 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in Credit Suisse Group during the third quarter valued at about $121,000. Quadrant Capital Group LLC boosted its position in Credit Suisse Group by 75.7% during the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,466 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Credit Suisse Group during the third quarter valued at about $145,000. Finally, M&T Bank Corp bought a new stake in Credit Suisse Group during the second quarter valued at about $154,000. 2.84% of the stock is currently owned by institutional investors.
About Credit Suisse Group
Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.
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