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

Erste Group Bank AG (OTCMKTS:EBKDY) has earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company.

A number of brokerages recently weighed in on EBKDY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research note on Monday, July 20th. Citigroup reissued a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Oddo Bhf upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Finally, Zacks Research upgraded shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th.

Erste Group Bank Stock Down 1.7%

EBKDY opened at $69.41 on Thursday. Erste Group Bank has a 12 month low of $47.02 and a 12 month high of $73.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $53.91 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.69 and a beta of 0.85. The stock’s 50 day moving average price is $68.68 and its 200 day moving average price is $62.31.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%.The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. As a group, research analysts predict that Erste Group Bank will post 5.93 earnings per share for the current year.

About Erste Group Bank

Erste Group Bank AG is an Austrian financial services company headquartered in Vienna. Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations. Its ordinary shares are listed on the Vienna Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol EBKDY.

The company provides retail and commercial banking services, including current and savings accounts, consumer and mortgage lending, payment services, investment products, and insurance-related offerings.