Trade Report: Today, Credit Suisse Group AG (CS) Rating Increased to Hold at The Zacks Investment Research

Today, Credit Suisse Group AG (CS) Rating Increased 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 report released 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. “

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

Shares of Credit Suisse Group AG (NYSE:CS) traded down 4.18% during trading on Monday, reaching $13.07. The company had a trading volume of 4,860,668 shares. The company’s 50 day moving average is $13.64 and its 200-day moving average is $12.72. The stock’s market capitalization is $27.29 billion. Credit Suisse Group AG has a 1-year low of $10.01 and a 1-year high of $22.76.

Several hedge funds and other institutional investors have recently modified their holdings of the company. World Asset Management Inc increased its position in shares of Credit Suisse Group AG by 9.0% in the second quarter. World Asset Management Inc now owns 121,937 shares of the company’s stock worth $1,305,000 after buying an additional 10,083 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Credit Suisse Group AG during the second quarter worth $1,134,000. Midas Management Corp purchased a new position in shares of Credit Suisse Group AG during the second quarter worth $975,000. Traynor Capital Management Inc. purchased a new position in shares of Credit Suisse Group AG during the second quarter worth $110,000. Finally, FNY Managed Accounts LLC purchased a new position in shares of Credit Suisse Group AG during the second quarter worth $1,359,000. 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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