Erste Group Bank (OTCMKTS:EBKDY) Downgraded by Citigroup to “Hold”

Erste Group Bank (OTCMKTS:EBKDY) was downgraded by equities research analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

EBKDY has been the topic of several other reports. UBS Group cut shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods raised shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Friday. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

Shares of OTCMKTS EBKDY opened at $34.90 on Monday. The company has a market cap of $28.65 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. Erste Group Bank has a 12 month low of $20.40 and a 12 month high of $37.24. The company has a 50-day simple moving average of $32.82 and a 200-day simple moving average of $29.56.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.