Erste Group Bank AG (OTCMKTS:EBKDY) Given Average Rating of “Moderate Buy” by Analysts

Erste Group Bank AG (OTCMKTS:EBKDY) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

EBKDY has been the topic of several analyst reports. Citigroup raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Zacks Research downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th.

Erste Group Bank Stock Down 0.4%

Erste Group Bank stock opened at $58.58 on Tuesday. The company has a market cap of $45.50 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.58 and a beta of 0.85. The firm’s fifty day moving average is $57.86 and its 200 day moving average is $58.39. 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 released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. On average, equities research analysts anticipate that Erste Group Bank will post 5.85 earnings per share 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.