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

Erste Group Bank AG (OTCMKTS:EBKDY) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

Several research analysts recently issued reports on the company. Citigroup upgraded Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. Finally, Zacks Research downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th.

Erste Group Bank Trading Down 1.8%

EBKDY stock opened at $58.55 on Tuesday. The firm has a 50 day moving average of $57.40 and a 200-day moving average of $58.28. Erste Group Bank has a 12-month low of $39.65 and a 12-month high of $66.88. The company has a market cap of $45.48 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.59 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $4.53 billion. Sell-side analysts forecast that Erste Group Bank will post 5.85 earnings per share 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.