Credit Suisse Downgraded to Hold at Helvea (CS)
Credit Suisse (NYSE:CS) was downgraded by Helvea to a “hold” rating in a research note issued on Monday, AnalystRatingsNetwork.com reports.
Shares of Credit Suisse (NYSE:CS) traded down 0.24% on Monday, hitting $32.74. The stock had a trading volume of 826,491 shares. Credit Suisse has a one year low of $24.8438 and a one year high of $33.98. The stock has a 50-day moving average of $30.08 and a 200-day moving average of $30.00. The company has a market cap of $52.135 billion and a P/E ratio of 17.63.
Credit Suisse (NYSE:CS) last released its earnings data on Thursday, October 24th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.05. The company had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter last year, the company posted $0.56 earnings per share. Credit Suisse’s revenue was down 2.6% compared to the same quarter last year. Analysts expect that Credit Suisse will post $2.50 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale initiated coverage on shares of Credit Suisse in a research note to investors on Tuesday, January 7th. They set a “hold” rating on the stock. Separately, analysts at UBS AG upgraded shares of Credit Suisse to a “positive” rating in a research note to investors on Wednesday, November 27th. Finally, analysts at Zacks downgraded shares of Credit Suisse from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 4th. They now have a $36.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $33.60.
Credit Suisse Group AG (NYSE:CS) is a global financial services company.
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