Erste Group Bank AG (OTCMKTS:EBKDY) Stock Rated “Buy” by Sell-Side Analysts

Erste Group Bank AG (OTCMKTS:EBKDY – Get Free Report) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have commented on EBKDY shares. Oddo Bhf upgraded Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Finally, Zacks Research upgraded shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th.

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Erste Group Bank Trading Down 5.1%

Shares of OTCMKTS EBKDY opened at $61.71 on Monday. The firm’s 50 day moving average price is $69.49 and its 200-day moving average price is $63.77. The company has a market cap of $47.93 billion, a PE ratio of 11.82, a P/E/G ratio of 0.64 and a beta of 0.92. Erste Group Bank has a 52-week low of $47.02 and a 52-week high of $73.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95.

Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01. Erste Group Bank had a net margin of 18.39% and a return on equity of 10.22%. The company had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.48 billion. On average, equities research analysts expect that Erste Group Bank will post 5.89 EPS for the current fiscal year.

Erste Group Bank Company Profile

(Get Free Report)

Erste Group Bank AG is an Austria-based banking group serving retail customers, small and medium-sized businesses, corporate clients, and institutional customers. Its services include current and savings accounts, consumer and housing loans, mortgages, payment services, investment products, insurance-related offerings, corporate finance, and capital-markets services.

The group has its roots in Erste österreichische Spar-Casse, founded in Vienna in 1819. Through its banking subsidiaries, Erste Group provides financial services across Austria and several Central and Eastern European markets, including the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.

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