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

Erste Group Bank AG (OTCMKTS:EBKDY) has received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company.

A number of research analysts have recently commented on EBKDY shares. Zacks Research upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Barclays upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Citigroup raised Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, February 11th.

Erste Group Bank Price Performance

EBKDY stock opened at $53.09 on Thursday. The stock has a market cap of $41.24 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.50 and a beta of 0.86. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15. The company has a 50 day simple moving average of $60.61 and a 200 day simple moving average of $55.39. Erste Group Bank has a 1 year low of $29.50 and a 1 year high of $66.88.

About Erste Group Bank

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.