Erste Group Bank AG (OTCMKTS:EBKDY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company.

Several brokerages recently issued reports on EBKDY. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Tuesday, September 2nd. Cfra Research upgraded Erste Group Bank to a “hold” rating in a research note on Tuesday, August 5th. Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Zacks Research upgraded shares of Erste Group Bank to a “hold” rating in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th.

Erste Group Bank Stock Down 1.5%

Shares of EBKDY opened at $53.47 on Friday. The company has a 50 day moving average of $49.70 and a two-hundred day moving average of $45.50. Erste Group Bank has a twelve month low of $26.73 and a twelve month high of $54.55. The company has a market cap of $43.90 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.19. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.30 billion. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%. On average, sell-side analysts expect that Erste Group Bank will post 4.05 EPS for the current year.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.