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

Erste Group Bank AG (OTCMKTS:EBKDY) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts recently commented on EBKDY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Zacks Research cut shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th.

Erste Group Bank Stock Performance

Shares of Erste Group Bank stock opened at $57.74 on Tuesday. The firm has a fifty day moving average of $57.94 and a two-hundred day moving average of $58.49. The stock has a market capitalization of $44.85 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.58 and a beta of 0.85. Erste Group Bank has a 52 week low of $39.65 and a 52 week high of $66.88.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.05). Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. As a group, research analysts forecast that Erste Group Bank will post 5.85 EPS for the current fiscal year.

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.