Erste Group Bank AG (OTCMKTS:EBKDY) Receives Average Recommendation of “Buy” from Analysts

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have earned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts have recently issued reports on EBKDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Monday, July 20th. The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd.

Erste Group Bank Stock Up 0.3%

Shares of OTCMKTS EBKDY opened at $70.64 on Thursday. Erste Group Bank has a 1 year low of $47.02 and a 1 year high of $73.10. The firm has a 50-day simple moving average of $68.66 and a two-hundred day simple moving average of $62.26. The company has a market cap of $54.87 billion, a P/E ratio of 13.53, a PEG ratio of 0.69 and a beta of 0.85. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.01. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%.The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.48 billion. Research analysts anticipate that Erste Group Bank will post 5.93 earnings per share for the current year.

About Erste Group Bank

Erste Group Bank AG is an Austrian financial services company headquartered in Vienna. Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations. Its ordinary shares are listed on the Vienna Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol EBKDY.

The company provides retail and commercial banking services, including current and savings accounts, consumer and mortgage lending, payment services, investment products, and insurance-related offerings.