Santander upgraded shares of Credit Suisse Group (NYSE:CS) from an underperform rating to a buy rating in a research report report published on Tuesday, The Fly reports.

A number of other equities analysts also recently issued reports on the stock. Deutsche Bank AG raised shares of Credit Suisse Group from a hold rating to a buy rating in a report on Monday, June 19th. Morgan Stanley reaffirmed a buy rating on shares of Credit Suisse Group in a report on Tuesday, July 18th. Citigroup Inc. reaffirmed a buy rating on shares of Credit Suisse Group in a report on Friday, September 8th. Bank of America Corporation started coverage on shares of Credit Suisse Group in a report on Monday, June 19th. They set a buy rating on the stock. Finally, UBS AG reaffirmed a buy rating on shares of Credit Suisse Group in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $16.50.

Shares of Credit Suisse Group (NYSE:CS) traded up 0.51% on Tuesday, reaching $15.80. 2,336,554 shares of the company traded hands. The firm has a 50-day moving average price of $15.05 and a 200 day moving average price of $14.80. Credit Suisse Group has a one year low of $12.25 and a one year high of $16.17. The company’s market capitalization is $40.34 billion.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). The firm had revenue of $5.28 billion for the quarter. Credit Suisse Group had a negative return on equity of 2.93% and a negative net margin of 4.84%. Equities analysts forecast that Credit Suisse Group will post $1.08 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of CS. JFS Wealth Advisors LLC raised its stake in Credit Suisse Group by 5.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 338 shares during the period. Quadrant Capital Group LLC raised its stake in Credit Suisse Group by 75.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after acquiring an additional 4,466 shares during the period. Two Sigma Securities LLC bought a new stake in Credit Suisse Group in the 1st quarter valued at about $153,000. M&T Bank Corp bought a new stake in Credit Suisse Group in the 2nd quarter valued at about $154,000. Finally, Fiera Capital Corp bought a new stake in Credit Suisse Group in the 2nd quarter valued at about $164,000. 2.94% of the stock is currently owned by institutional investors.

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.

The Fly

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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