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

Erste Group Bank AG (OTCMKTS:EBKDY) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company.

EBKDY has been the topic of a number of research reports. Cfra Research upgraded shares of Erste Group Bank to a “hold” rating in a report on Tuesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Tuesday, September 2nd. Zacks Research upgraded Erste Group Bank to a “hold” rating in a research report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Monday, August 4th.

Erste Group Bank Price Performance

Shares of OTCMKTS EBKDY opened at $49.83 on Thursday. The company has a 50 day simple moving average of $48.27 and a 200-day simple moving average of $41.89. The company has a market capitalization of $40.91 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.88 and a beta of 1.14. Erste Group Bank has a 1 year low of $26.15 and a 1 year high of $51.72.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Friday, August 1st. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.05 by $0.15. Erste Group Bank had a net margin of 16.96% and a return on equity of 10.08%. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.18 billion. As a group, research analysts expect that Erste Group Bank will post 4.05 EPS for the current year.

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.