Erste Group Bank (OTCMKTS:EBKDY) Upgraded to “Strong-Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Erste Group Bank (OTCMKTS:EBKDY) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Zacks Research downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 2.7%

Shares of OTCMKTS EBKDY opened at $67.13 on Wednesday. Erste Group Bank has a 12 month low of $42.66 and a 12 month high of $68.28. The company has a market cap of $52.14 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 0.65 and a beta of 0.84. The business has a fifty day simple moving average of $61.14 and a 200-day simple moving average of $60.06.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.53 billion. Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%. As a group, sell-side analysts expect that Erste Group Bank will post 5.85 EPS for the current fiscal year.

Erste Group Bank Company Profile

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.