ERSTE GRP BK A/S (OTCMKTS:EBKDY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of ERSTE GRP BK A/S (OTCMKTS:EBKDY) from a sell rating to a buy rating in a report released on Tuesday, Zacks.com reports. Zacks Investment Research currently has $20.00 price target on the financial services provider’s stock.

According to Zacks, “The Erste Bank der Muster is a traditional banking group and providering financial services in Central and Eastern Europe. It focuses on retail and SME banking. It offers a range of products through group-wide bundling of product know how into Competence Centres covering, among others, Debt financing, Equity capital markets ,Mergers and acquisitions,Debt advisory, Project financing, Syndication, Real Estate financing and solutions, Infrastructure Finance & Public Sector, Merchant Banking / Private Equity, Leasing solutions (IMMORENT), and Corporate Cash Management. Its customers can avail its products in netbanking, wether it is Komfort-Kredit, Profit account, Bonus account, Building society contract, Pension plan or the order of MasterCard or VISA Card. Erste Bank focuses on private clients, corporate clients and the public sector. it offers all financial products under one roof. It operates in the areas of investment , construction and living , and leasing. Erste Bank is based in Vienna, Austria. “

Separately, ValuEngine upgraded ERSTE GRP BK A/S from a sell rating to a hold rating in a research report on Wednesday, October 2nd.

Shares of EBKDY opened at $18.39 on Tuesday. ERSTE GRP BK A/S has a 1 year low of $15.39 and a 1 year high of $21.08. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 9.78 and a beta of 1.02. The business has a 50-day moving average of $18.19 and a 200-day moving average of $17.70.

ERSTE GRP BK A/S Company Profile

Erste Group Bank AG provides a range of banking and other financial services to the retail and corporate customers in Austria, Central and Eastern Europe, and internationally. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management and Local Corporate Center, Savings Banks, Group Corporate Center, and Intragroup Elimination segments.

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