StockNews.com Initiates Coverage on Credit Suisse Group (NYSE:CS)

StockNews.com assumed coverage on shares of Credit Suisse Group (NYSE:CS) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Credit Suisse Group Price Performance

Shares of CS opened at $0.89 on Thursday. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 1.37 and a beta of 1.27. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.79. The firm’s fifty day simple moving average is $0.89 and its 200-day simple moving average is $0.89. Credit Suisse Group has a twelve month low of $0.82 and a twelve month high of $6.36.

Credit Suisse Group Company Profile

Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.