Erste Group Bank AG (OTCMKTS:EBKDY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts have weighed in on EBKDY shares. Barclays upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Oddo Bhf lowered shares of Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th.

Erste Group Bank Price Performance

Shares of OTCMKTS EBKDY opened at $60.71 on Friday. The stock has a market cap of $49.84 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.84 and a beta of 0.85. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. Erste Group Bank has a fifty-two week low of $29.50 and a fifty-two week high of $61.85. The firm’s 50-day simple moving average is $55.77 and its 200 day simple moving average is $50.24.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.10 by $0.19. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.30 billion. As a group, research analysts anticipate that Erste Group Bank will post 4.05 earnings per share for the current fiscal year.

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.