Trade Report: Today, Erste Group Bank AG (EBKDY) Rating Lowered to Hold at Zacks Investment Research

Today, Erste Group Bank AG (EBKDY) Rating Lowered to Hold at Zacks Investment Research

Erste Group Bank AG (OTCMKTS:EBKDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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, Goldman Sachs Group Inc. raised Erste Group Bank AG from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 29th.

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) opened at 15.01 on Wednesday. The firm’s 50-day moving average is $14.52 and its 200 day moving average is $13.42. Erste Group Bank AG has a 1-year low of $10.27 and a 1-year high of $15.88. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 8.66 and a beta of 1.05.

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