Today, Credit Suisse Group AG (CS) Upgraded to “Hold” at The Zacks Investment Research

Today, Credit Suisse Group AG (CS) Upgraded to “Hold” at The Zacks Investment Research

Credit Suisse Group AG (NYSE:CS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “

Several other research analysts also recently commented on the stock. Bank of America Corp. upgraded shares of Credit Suisse Group AG from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday, November 14th. Keefe, Bruyette & Woods upgraded shares of Credit Suisse Group AG from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 10th. Finally, Macquarie downgraded shares of Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a research report on Friday, November 4th. Four research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.24.

Credit Suisse Group AG (NYSE:CS) traded down 4.18% on Monday, hitting $13.07. The stock had a trading volume of 4,860,668 shares. The company’s market capitalization is $27.29 billion. The company has a 50 day moving average of $13.64 and a 200 day moving average of $12.72. Credit Suisse Group AG has a 12-month low of $10.01 and a 12-month high of $22.76.

A number of hedge funds have recently bought and sold shares of the stock. Midas Management Corp bought a new stake in Credit Suisse Group AG during the second quarter worth $975,000. JPMorgan Chase & Co. boosted its stake in shares of Credit Suisse Group AG by 22.1% in the second quarter. JPMorgan Chase & Co. now owns 758,467 shares of the company’s stock worth $8,116,000 after buying an additional 137,105 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Credit Suisse Group AG by 13.1% in the second quarter. Brandes Investment Partners LP now owns 6,299,201 shares of the company’s stock worth $67,401,000 after buying an additional 731,888 shares during the period. Shah Capital Management purchased a new stake in shares of Credit Suisse Group AG during the second quarter worth approximately $4,066,000. Finally, Traynor Capital Management Inc. purchased a new stake in shares of Credit Suisse Group AG during the second quarter worth approximately $110,000. Institutional investors and hedge funds own 2.31% of the company’s stock.

Credit Suisse Group AG Company Profile

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

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