Erste Group Bank (OTCMKTS:EBKDY) Rating Lowered 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 report sent to investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods upgraded 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. UBS Group downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average 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 price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The company has a 50-day simple moving average of $32.91 and a 200-day simple moving average of $29.60. Erste Group Bank has a 12 month low of $20.40 and a 12 month high of $37.24.

About Erste Group Bank

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.