Erste Group Bank (OTCMKTS:EBKDY) Lowered to Hold Rating by UBS Group

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) was downgraded by investment analysts at UBS Group from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods upgraded shares of Erste Group Bank from a "moderate sell" rating to a "hold" rating in a report on Friday, November 22nd. The Goldman Sachs Group upgraded shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Erste Group Bank Price Performance

Erste Group Bank stock traded down $2.07 during trading hours on Tuesday, reaching $34.96. The company had a trading volume of 29,011 shares, compared to its average volume of 80,451. The firm has a market cap of $28.70 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.08 and a beta of 1.24. Erste Group Bank has a 12-month low of $20.40 and a 12-month high of $37.24. The company has a 50-day moving average price of $32.66 and a 200 day moving average price of $29.45.

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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.