Erste Group Bank AG (OTCMKTS:EBKDY) Given Average Rating of “Moderate Buy” by Brokerages

Erste Group Bank AG (OTCMKTS:EBKDY) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages recently commented on EBKDY. Zacks Research downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th.

Erste Group Bank Price Performance

OTCMKTS:EBKDY opened at $67.42 on Friday. The company’s 50 day moving average is $60.48 and its 200-day moving average is $59.80. Erste Group Bank has a 12 month low of $41.61 and a 12 month high of $67.96. The firm has a market cap of $52.37 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 0.67 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. Research analysts predict that Erste Group Bank will post 5.85 EPS for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.