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

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

Several research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, June 10th. Zacks Research cut 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 reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th.

Erste Group Bank Trading Down 1.4%

OTCMKTS:EBKDY opened at $65.70 on Friday. Erste Group Bank has a 12 month low of $41.61 and a 12 month high of $67.01. The stock has a 50 day moving average of $60.19 and a two-hundred day moving average of $59.67. The firm has a market cap of $51.03 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.66 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). The firm had revenue of $4.60 billion during 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, research analysts forecast that Erste Group Bank will post 5.85 earnings per share for the current 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.