Erste Group Bank (OTCMKTS:EBKDY) Upgraded at Citigroup

Citigroup upgraded shares of Erste Group Bank (OTCMKTS:EBKDY) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

EBKDY has been the subject of several other research reports. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Zacks Research raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Erste Group Bank Price Performance

Shares of OTCMKTS EBKDY opened at $60.05 on Wednesday. The stock’s 50-day simple moving average is $61.13 and its 200-day simple moving average is $53.89. The firm has a market capitalization of $46.64 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.61 and a beta of 0.85. Erste Group Bank has a fifty-two week low of $29.50 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15.

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.