Zacks Investment Research upgraded shares of Credit Suisse Group AG (NYSE:CS) from a sell rating to a hold rating in a research note published on Monday morning.
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. “
CS has been the topic of several other research reports. Macquarie downgraded Credit Suisse Group AG from an outperform rating to a neutral rating in a report on Friday, November 4th. Keefe, Bruyette & Woods upgraded 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 Credit Suisse Group AG from a neutral rating to a buy rating and set a $16.00 target price on the stock in a research note on Monday, November 14th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $17.24.
Shares of Credit Suisse Group AG (NYSE:CS) opened at 13.07 on Monday. Credit Suisse Group AG has a 52 week low of $10.01 and a 52 week high of $22.76. The stock’s market capitalization is $27.29 billion. The stock has a 50 day moving average price of $13.64 and a 200 day moving average price of $12.72.
A number of hedge funds have recently bought and sold shares of the stock. World Asset Management Inc boosted its stake in 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 valued at $1,305,000 after buying an additional 10,083 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Credit Suisse Group AG during the second quarter valued at about $1,134,000. Midas Management Corp acquired a new position in Credit Suisse Group AG during the second quarter valued at about $975,000. Traynor Capital Management Inc. acquired a new position in Credit Suisse Group AG during the second quarter valued at about $110,000. Finally, FNY Managed Accounts LLC acquired a new position in Credit Suisse Group AG during the second quarter valued at about $1,359,000. 2.31% of the stock is currently owned by institutional investors and hedge funds.
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.