Zacks Investment Research lowered shares of Erste Group Bank AG (OTCMKTS:EBKDY) from a strong-buy rating to a strong sell rating in a report released on Wednesday, August 9th.

According to Zacks, “The Erste Bank der Muster is a traditional banking group and providering financial services in Central and Eastern Europe. It focuses on retail and SME banking. It offers a range of products through group-wide bundling of product know how into Competence Centres covering, among others, Debt financing, Equity capital markets ,Mergers and acquisitions,Debt advisory, Project financing, Syndication, Real Estate financing and solutions, Infrastructure Finance & Public Sector, Merchant Banking / Private Equity, Leasing solutions (IMMORENT), and Corporate Cash Management. Its customers can avail its products in netbanking, wether it is Komfort-Kredit, Profit account, Bonus account, Building society contract, Pension plan or the order of MasterCard or VISA Card. Erste Bank focuses on private clients, corporate clients and the public sector. it offers all financial products under one roof. It operates in the areas of investment , construction and living , and leasing. Erste Bank is based in Vienna, Austria. “

Separately, ValuEngine upgraded shares of Erste Group Bank AG from a buy rating to a strong-buy rating in a report on Friday, June 2nd.

Shares of Erste Group Bank AG (OTCMKTS EBKDY) traded down 0.94% during midday trading on Wednesday, reaching $21.10. The company’s stock had a trading volume of 11,153 shares. Erste Group Bank AG has a 52 week low of $13.56 and a 52 week high of $22.18.

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About Erste Group Bank AG

Erste Group Bank AG is a savings bank. The Company offers a range of banking and other financial services, such as savings accounts, asset management (including investment funds), consumer credit and mortgage lending, investment banking, securities and derivatives trading, portfolio management, project finance, foreign trade financing, corporate finance, capital market and money market services, foreign exchange trading, leasing and factoring.

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