Erste Group Bank (OTCMKTS:EBKDY) Stock Rating Upgraded by The Goldman Sachs Group

Erste Group Bank (OTCMKTS:EBKDY) was upgraded by equities research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Keefe, Bruyette & Woods upgraded shares of Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research report on Friday, November 22nd.

Erste Group Bank Trading Up 2.6 %

Shares of OTCMKTS EBKDY opened at $30.87 on Wednesday. Erste Group Bank has a 12-month low of $19.47 and a 12-month high of $31.02. The company has a market cap of $25.98 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The stock’s 50 day simple moving average is $27.68 and its 200 day simple moving average is $26.27.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.18 earnings per share (EPS) for the quarter. The company had revenue of $3.02 billion for the quarter. Erste Group Bank had a return on equity of 11.11% and a net margin of 15.21%. As a group, equities analysts forecast that Erste Group Bank will post 4.27 earnings per share for the current fiscal 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.