Erste Group Bank (OTCMKTS:EBKDY) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $62.75 and traded as high as $63.99. Erste Group Bank shares last traded at $62.91, with a volume of 52,224 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Zacks Research upgraded Erste Group Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. Finally, Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Erste Group Bank currently has a consensus rating of “Buy”.

Erste Group Bank Price Performance

The stock has a market cap of $47.90 billion, a PE ratio of 11.05, a P/E/G ratio of 0.60 and a beta of 0.99. The firm’s fifty day moving average price is $65.54 and its 200 day moving average price is $62.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20.

About Erste Group Bank

Erste Group Bank is an Austrian financial services group headquartered in Vienna. Its history dates to 1819, when it was established as Erste österreichische Spar-Casse to provide savings services to the public.

The group offers retail and corporate banking services, including accounts, savings products, loans, mortgages, payment services and financing for businesses. It also provides services such as securities and investment products, supported by digital banking channels.

Erste Group serves customers in Austria and several Central and Eastern European countries, including the Czech Republic, Slovakia, Hungary, Romania, Croatia and Serbia.