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

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

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Friday. The Goldman Sachs Group raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, UBS Group lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

OTCMKTS:EBKDY opened at $34.90 on Monday. Erste Group Bank has a 1 year low of $20.40 and a 1 year high of $37.24. The business has a fifty day simple moving average of $32.82 and a two-hundred day simple moving average of $29.56. The company has a market capitalization of $28.65 billion, a P/E ratio of 8.64, a P/E/G ratio of 1.08 and a beta of 1.24.

Erste Group Bank Company Profile

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.