Erste Group Bank AG (OTCMKTS:EBKDY) Receives Consensus Rating of “Buy” from Brokerages

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

A number of brokerages recently weighed in on EBKDY. Zacks Research upgraded shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Oddo Bhf upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th.

Erste Group Bank Price Performance

OTCMKTS EBKDY opened at $69.96 on Friday. Erste Group Bank has a 1 year low of $46.84 and a 1 year high of $71.32. The company has a market capitalization of $54.34 billion, a PE ratio of 13.40, a P/E/G ratio of 0.70 and a beta of 0.85. The company has a fifty day moving average of $66.50 and a two-hundred day moving average of $61.26.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%. On average, research analysts expect that Erste Group Bank will post 5.91 earnings per share for the current year.

About Erste Group Bank

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.