Erste Group Bank (OTCMKTS:EBKDY) Cut to “Hold” at UBS Group

UBS Group cut shares of Erste Group Bank (OTCMKTS:EBKDY) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on the company. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Keefe, Bruyette & Woods upgraded shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd.

Erste Group Bank Price Performance

EBKDY stock opened at $36.69 on Tuesday. The business has a 50-day moving average price of $32.53 and a 200 day moving average price of $29.33. The company has a market capitalization of $30.12 billion, a P/E ratio of 9.08, a PEG ratio of 1.08 and a beta of 1.24. Erste Group Bank has a 1-year low of $20.40 and a 1-year high of $37.00.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.