Erste Group Bank (OTCMKTS:EBKDY) Upgraded to “Strong-Buy” at The Goldman Sachs Group

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

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

Erste Group Bank Stock Up 2.6 %

Shares of Erste Group Bank stock opened at $30.87 on Wednesday. The stock’s fifty day moving average is $27.68 and its two-hundred day moving average is $26.27. Erste Group Bank has a 52 week low of $19.47 and a 52 week high of $31.02. The company has a market capitalization of $25.98 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29.

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