Credit Suisse Group (CS) Upgraded by Macquarie to “Neutral”

Credit Suisse Group (NYSE:CS) was upgraded by equities research analysts at Macquarie from an “underperform” rating to a “neutral” rating in a report released on Wednesday.

A number of other research analysts also recently issued reports on CS. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Credit Suisse Group in a research note on Friday, August 11th. Citigroup Inc. reiterated a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, August 10th. BidaskClub downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Santander upgraded Credit Suisse Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.00.

Shares of Credit Suisse Group (NYSE CS) opened at $15.92 on Wednesday. Credit Suisse Group has a 52 week low of $13.06 and a 52 week high of $16.46. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 4.09.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its position in shares of Credit Suisse Group by 5.0% during the 2nd quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after buying an additional 338 shares in the last quarter. US Bancorp DE boosted its position in Credit Suisse Group by 2.1% during the second quarter. US Bancorp DE now owns 19,345 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 399 shares in the last quarter. TD Asset Management Inc. boosted its position in Credit Suisse Group by 2.3% during the second quarter. TD Asset Management Inc. now owns 18,467 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 423 shares in the last quarter. Auxier Asset Management boosted its position in Credit Suisse Group by 0.4% during the second quarter. Auxier Asset Management now owns 214,368 shares of the financial services provider’s stock valued at $3,130,000 after purchasing an additional 925 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Credit Suisse Group by 7.6% during the second quarter. Oppenheimer & Co. Inc. now owns 24,200 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 1,700 shares in the last quarter. 2.91% of the stock is currently owned by institutional investors and hedge funds.

About Credit Suisse Group

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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