Erste Group Bank AG (OTCMKTS:EBKDY) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Erste Group Bank AG has an average rating of "Moderate Buy" from analysts, with four hold recommendations, two buy, and two strong buy ratings.
• The bank reported $1.20 earnings per share for the last quarter, surpassing analyst estimates by $0.15 and achieving a revenue of $3.26 billion.
• The stock has displayed a market capitalization of $39.10 billion and a PE ratio of 11.76, with a 52-week price range between $25.68 and $51.72.

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

EBKDY has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Erste Group Bank to a "hold" rating in a report on Monday, August 11th. Morgan Stanley reiterated an "overweight" rating on shares of Erste Group Bank in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Erste Group Bank in a report on Monday, August 4th. Cfra Research upgraded shares of Erste Group Bank to a "hold" rating in a report on Tuesday, August 5th. Finally, UBS Group upgraded shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report on Monday, May 26th.

Erste Group Bank Price Performance

OTCMKTS EBKDY opened at $47.63 on Friday. Erste Group Bank has a fifty-two week low of $25.68 and a fifty-two week high of $51.72. The business has a fifty day moving average price of $45.88 and a two-hundred day moving average price of $40.03. The stock has a market capitalization of $39.10 billion, a PE ratio of 11.76, a PEG ratio of 0.93 and a beta of 1.14.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.15. Erste Group Bank had a net margin of 16.96% and a return on equity of 10.08%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.18 billion. As a group, sell-side analysts expect that Erste Group Bank will post 4.05 earnings per share for the current year.

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.

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