Credit Suisse Group (CS) Downgraded by Zacks Investment Research

Credit Suisse Group (NYSE:CS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “

A number of other equities analysts have also recently weighed in on CS. Societe Generale raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Santander upgraded shares of Credit Suisse Group from an “underperform” rating to a “buy” rating in a report on Tuesday, September 26th. Royal Bank of Canada upgraded shares of Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a report on Friday, October 6th. Macquarie upgraded shares of Credit Suisse Group from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Credit Suisse Group in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Credit Suisse Group currently has a consensus rating of “Buy” and a consensus target price of $20.00.

Credit Suisse Group (NYSE:CS) traded down $0.16 during trading hours on Tuesday, hitting $18.01. 2,747,069 shares of the company were exchanged, compared to its average volume of 2,410,000. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market cap of $46,190.00, a PE ratio of -23.09 and a beta of 1.51. Credit Suisse Group has a 1 year low of $13.28 and a 1 year high of $18.34.

A number of institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC grew its position in Credit Suisse Group by 2.5% during the 2nd quarter. Fisher Asset Management LLC now owns 10,318,911 shares of the financial services provider’s stock worth $111,031,000 after purchasing an additional 249,001 shares during the last quarter. Earnest Partners LLC grew its position in Credit Suisse Group by 6.3% during the 3rd quarter. Earnest Partners LLC now owns 7,588,346 shares of the financial services provider’s stock worth $119,896,000 after purchasing an additional 451,238 shares during the last quarter. Brandes Investment Partners LP grew its position in Credit Suisse Group by 8.3% during the 2nd quarter. Brandes Investment Partners LP now owns 6,781,049 shares of the financial services provider’s stock worth $99,003,000 after purchasing an additional 519,038 shares during the last quarter. Bank of America Corp DE grew its position in Credit Suisse Group by 18.7% during the 1st quarter. Bank of America Corp DE now owns 6,210,880 shares of the financial services provider’s stock worth $92,170,000 after purchasing an additional 976,525 shares during the last quarter. Finally, Morgan Stanley grew its position in Credit Suisse Group by 265.7% during the 1st quarter. Morgan Stanley now owns 5,037,858 shares of the financial services provider’s stock worth $74,761,000 after purchasing an additional 3,660,158 shares during the last quarter. 2.84% of the stock is currently owned by institutional investors.

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About Credit Suisse Group

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

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