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

StockNews.com began coverage on shares of Credit Suisse Group (NYSE:CS) in a research note published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Credit Suisse Group Trading Up 1.0 %

Shares of Credit Suisse Group stock opened at $0.89 on Friday. The company has a market capitalization of $2.76 billion, a P/E ratio of 1.37 and a beta of 1.27. The stock has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $0.89. Credit Suisse Group has a 12-month low of $0.82 and a 12-month high of $6.36. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.79.

About Credit Suisse Group

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.