Zacks Investment Research upgraded shares of Credit Suisse Group AG (NYSE:CS) from a strong sell rating to a hold rating in a research note released on Wednesday.

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 brokerages have also recently commented on CS. Bank of America Corp. raised shares of Credit Suisse Group AG from a neutral rating to a buy rating and set a $16.00 price target for the company in a research report on Monday. Keefe, Bruyette & Woods raised shares of Credit Suisse Group AG from a market perform rating to an outperform rating in a research report on Thursday, November 10th. Finally, Macquarie cut shares of Credit Suisse Group AG from an outperform rating to a neutral rating in a research report on Friday, November 4th. Four analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $17.24.

Analyst Recommendations for Credit Suisse Group AG (NYSE:CS)

Credit Suisse Group AG (NYSE:CS) traded down 0.14% during midday trading on Wednesday, reaching $14.24. 2,300,497 shares of the company’s stock traded hands. The company’s market capitalization is $29.74 billion. Credit Suisse Group AG has a 1-year low of $10.01 and a 1-year high of $23.38. The firm’s 50 day moving average price is $13.51 and its 200-day moving average price is $12.76.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Morningstar Investment Services LLC raised its position in shares of Credit Suisse Group AG by 0.8% in the third quarter. Morningstar Investment Services LLC now owns 20,422 shares of the company’s stock worth $268,000 after buying an additional 154 shares during the period. Highland Capital Management LLC raised its position in shares of Credit Suisse Group AG by 0.3% in the third quarter. Highland Capital Management LLC now owns 68,546 shares of the company’s stock worth $901,000 after buying an additional 200 shares during the period. TD Asset Management Inc. raised its position in shares of Credit Suisse Group AG by 5.8% in the third quarter. TD Asset Management Inc. now owns 18,526 shares of the company’s stock worth $243,000 after buying an additional 1,009 shares during the period. Commonwealth Equity Services Inc raised its position in shares of Credit Suisse Group AG by 4.3% in the second quarter. Commonwealth Equity Services Inc now owns 54,020 shares of the company’s stock worth $578,000 after buying an additional 2,214 shares during the period. Finally, US Bancorp DE raised its position in shares of Credit Suisse Group AG by 16.4% in the second quarter. US Bancorp DE now owns 16,901 shares of the company’s stock worth $182,000 after buying an additional 2,377 shares during the period. Institutional investors and hedge funds own 2.16% of the company’s stock.

Credit Suisse Group AG Company Profile

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

5 Day Chart for NYSE:CS

Receive News & Stock Ratings for Credit Suisse Group AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse Group AG and related stocks with our FREE daily email newsletter.