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

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

Credit Suisse Group Price Performance

Shares of Credit Suisse Group stock opened at $0.89 on Wednesday. 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. The company has a 50-day moving average of $0.89 and a 200 day moving average of $0.89. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 1.37 and a beta of 1.27.

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.