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

Erste Group Bank (OTCMKTS:EBKDY) was downgraded by UBS Group from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on EBKDY. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. 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.

Erste Group Bank Price Performance

EBKDY stock opened at $35.71 on Tuesday. The company has a market cap of $29.32 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The company has a fifty day moving average price of $32.42 and a 200 day moving average price of $29.28. Erste Group Bank has a 12 month low of $20.35 and a 12 month high of $36.84.

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.