StockNews.com Begins Coverage on Credit Suisse Group (NYSE:CS)

Investment analysts at StockNews.com initiated coverage on shares of Credit Suisse Group (NYSE:CS) in a research report issued on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.

Credit Suisse Group Stock Performance

NYSE:CS opened at $0.89 on Friday. The business has a 50 day moving average of $0.89 and a 200 day moving average of $0.89. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 1.37 and a beta of 1.27. Credit Suisse Group has a 1-year low of $0.82 and a 1-year high of $6.36. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.53 and a quick ratio of 1.53.

About Credit Suisse Group

Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.