Erste Group Bank (OTCMKTS:EBKDY) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Erste Group Bank (OTCMKTS:EBKDY - Free Report) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Separately, Keefe, Bruyette & Woods upgraded shares of Erste Group Bank from a "moderate sell" rating to a "hold" rating in a research report on Friday, November 22nd.

Erste Group Bank Trading Up 2.6 %

EBKDY stock traded up $0.77 during mid-day trading on Wednesday, reaching $30.87. 13,800 shares of the stock traded hands, compared to its average volume of 39,665. Erste Group Bank has a 52-week low of $19.47 and a 52-week high of $31.02. The stock's fifty day moving average is $27.68 and its 200-day moving average is $26.27. The company has a market cap of $25.98 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.89 and a beta of 1.29.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 earnings per share (EPS) for the quarter. Erste Group Bank had a net margin of 15.21% and a return on equity of 11.11%. The business had revenue of $3.02 billion for the quarter. Equities research analysts expect that Erste Group Bank will post 4.27 earnings per share for the current year.

Erste Group Bank Company Profile

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.