Erste Group Bank (OTCMKTS:EBKDY) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Erste Group Bank (OTCMKTS:EBKDY) from a "strong‑buy" to a "hold" in a research note to investors.
• Analyst views are mixed: Citigroup recently upgraded the stock to "strong‑buy", and the consensus (2 Strong Buy, 3 Buy, 3 Hold) translates to a MarketBeat average rating of "Moderate Buy".
• The stock opened at $55.43, with a market cap of $43.05 billion, a PE of 11.84, PEG of 0.55 and a 52‑week range of $29.70–$66.88, suggesting relatively modest valuation versus its recent high.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Citigroup raised shares of Erste Group Bank to a "strong-buy" rating in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Erste Group Bank Stock Performance

OTCMKTS:EBKDY opened at $55.43 on Monday. The company has a market capitalization of $43.05 billion, a PE ratio of 11.84, a P/E/G ratio of 0.55 and a beta of 0.89. The company has a 50 day simple moving average of $58.31 and a two-hundred day simple moving average of $55.96. Erste Group Bank has a fifty-two week low of $29.70 and a fifty-two week high of $66.88.

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.

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