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

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

A number of brokerages have recently issued reports on EBKDY. Oddo Bhf cut Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Barclays upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th.

Erste Group Bank Price Performance

OTCMKTS:EBKDY opened at $60.63 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. The company has a 50-day moving average of $55.04 and a 200-day moving average of $49.76. Erste Group Bank has a 52 week low of $29.50 and a 52 week high of $61.29. The company has a market capitalization of $49.78 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.83 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.19. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.30 billion. Erste Group Bank had a net margin of 17.36% and a return on equity of 9.85%. As a group, equities 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.