Erste Group Bank (OTCMKTS:EBKDY) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Erste Group Bank (OTCMKTS:EBKDY) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Separately, Citigroup raised shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Erste Group Bank currently has an average rating of “Moderate Buy”.

Erste Group Bank Price Performance

OTCMKTS:EBKDY opened at $58.00 on Monday. The firm has a 50 day simple moving average of $58.15 and a 200-day simple moving average of $55.97. The firm has a market cap of $45.05 billion, a PE ratio of 12.39, a P/E/G ratio of 0.55 and a beta of 0.89. Erste Group Bank has a 1-year low of $29.93 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.