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

Erste Group Bank AG (OTCMKTS:EBKDY) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

Several analysts recently commented on the stock. The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Monday. Zacks Research cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th.

Erste Group Bank Trading Up 1.9%

EBKDY opened at $65.44 on Wednesday. The stock’s fifty day simple moving average is $63.04 and its 200 day simple moving average is $60.50. Erste Group Bank has a 1-year low of $45.19 and a 1-year high of $68.28. The stock has a market cap of $50.83 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.64 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. Equities 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.