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

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

Several other brokerages also recently weighed in on EBKDY. UBS Group downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Friday, March 7th. Finally, The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

Shares of OTCMKTS EBKDY opened at $35.29 on Monday. The company has a market cap of $28.97 billion, a PE ratio of 8.73, a P/E/G 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 $37.24. The stock has a fifty day moving average price of $32.91 and a 200 day moving average price of $29.60.

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.