Credit Suisse Group (CS) Downgraded by Zacks Investment Research to “Hold”

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

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. “

Several other research firms have also issued reports on CS. Barclays began coverage on shares of Credit Suisse Group in a research report on Tuesday. They set an “underweight” rating on the stock. Societe Generale lowered shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Goldman Sachs Group reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Finally, Citigroup reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $21.00.

Credit Suisse Group (NYSE CS) traded up $0.13 during midday trading on Friday, hitting $19.06. 2,599,953 shares of the company traded hands, compared to its average volume of 2,440,000. 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 firm has a market cap of $48,360.00, a price-to-earnings ratio of -24.13 and a beta of 1.51. Credit Suisse Group has a twelve month low of $13.28 and a twelve month high of $19.08.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Credit Suisse Group had a negative net margin of 3.80% and a negative return on equity of 2.45%. equities research analysts predict that Credit Suisse Group will post -0.15 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of CS. Benjamin F. Edwards & Company acquired a new stake in Credit Suisse Group in the fourth quarter valued at approximately $0. Capstone Asset Management Company boosted its position in Credit Suisse Group by 13.0% in the fourth quarter. Capstone Asset Management Company now owns 229,005 shares of the financial services provider’s stock valued at $4,967,000 after buying an additional 26,383 shares in the last quarter. Highland Capital Management LLC boosted its position in Credit Suisse Group by 3.2% in the fourth quarter. Highland Capital Management LLC now owns 67,111 shares of the financial services provider’s stock valued at $1,456,000 after buying an additional 2,083 shares in the last quarter. World Asset Management Inc boosted its position in Credit Suisse Group by 19.5% in the fourth quarter. World Asset Management Inc now owns 100,153 shares of the financial services provider’s stock valued at $2,172,000 after buying an additional 16,358 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Credit Suisse Group by 14.1% in the fourth quarter. Sei Investments Co. now owns 637,482 shares of the financial services provider’s stock valued at $13,828,000 after buying an additional 78,748 shares in the last quarter. Hedge funds and other institutional investors own 2.84% of the company’s stock.

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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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