Erste Group Bank (OTCMKTS:EBKDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The firm currently has a $18.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.87% from the company’s current price.

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. “

Shares of EBKDY stock opened at $16.09 on Tuesday. Erste Group Bank has a 12-month low of $8.43 and a 12-month high of $57.90. The business’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $12.63. The company has a market cap of $13.83 billion, a PE ratio of 15.62, a PEG ratio of 8.40 and a beta of 1.49.

Erste Group Bank (OTCMKTS:EBKDY) last announced its earnings results on Monday, November 2nd. The financial services provider reported $0.47 earnings per share for the quarter. Erste Group Bank had a return on equity of 4.23% and a net margin of 10.26%. The firm had revenue of $2.48 billion for the quarter. As a group, sell-side analysts forecast that Erste Group Bank will post 1 earnings per share for the current year.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, real estate, and public sector customers in Austria, Central and Eastern Europe, and internationally. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management and Local Corporate Center, Savings Banks, and Group Corporate Center segments.

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