Erste Group Bank (OTCMKTS:EBKDY) Raised to Strong-Buy at The Goldman Sachs Group

Erste Group Bank (OTCMKTS:EBKDY) was upgraded by equities research analysts at The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, June 10th. Finally, Zacks Research downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Trading Up 2.7%

Shares of OTCMKTS EBKDY opened at $67.13 on Wednesday. Erste Group Bank has a 12-month low of $42.66 and a 12-month high of $68.28. The company has a market cap of $52.14 billion, a P/E ratio of 13.48, a P/E/G ratio of 0.65 and a beta of 0.84. The stock has a fifty day moving average price of $61.14 and a 200 day moving average price of $60.06.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.53 billion. Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%. On average, sell-side analysts forecast that Erste Group Bank will post 5.85 EPS for the current fiscal 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.