Credit Suisse Group AG (NYSE:CS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

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 issued reports on CS. Bank of America Corp. raised Credit Suisse Group AG from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday, November 14th. Keefe, Bruyette & Woods raised Credit Suisse Group AG from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 10th. Finally, Macquarie cut Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a research report on Friday, November 4th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.24.

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

Shares of Credit Suisse Group AG (NYSE:CS) opened at 13.22 on Monday. The firm’s 50-day moving average price is $13.64 and its 200 day moving average price is $12.72. Credit Suisse Group AG has a 12-month low of $10.01 and a 12-month high of $22.76. The company’s market cap is $27.61 billion.

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A number of institutional investors have recently modified their holdings of CS. Verition Fund Management LLC bought a new position in Credit Suisse Group AG during the third quarter worth $138,000. Eaton Vance Management raised its position in Credit Suisse Group AG by 93.4% in the third quarter. Eaton Vance Management now owns 1,946,441 shares of the company’s stock worth $25,576,000 after buying an additional 939,896 shares during the last quarter. united american securities inc. d b a uas asset management bought a new position in Credit Suisse Group AG during the third quarter worth $131,000. The Manufacturers Life Insurance Company bought a new position in Credit Suisse Group AG during the third quarter worth $156,000. Finally, Two Sigma Securities LLC bought a new position in Credit Suisse Group AG during the third quarter worth $762,000. Institutional investors own 2.31% 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

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