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

Investment analysts at StockNews.com assumed coverage on shares of Credit Suisse Group (NYSE:CS) in a report released on Friday. 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 company has a debt-to-equity ratio of 2.79, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50-day simple moving average of $0.89 and a two-hundred day simple moving average of $0.89. The firm has a market capitalization of $2.77 billion, a PE ratio of 1.37 and a beta of 1.27. Credit Suisse Group has a 52-week low of $0.82 and a 52-week high of $6.36.

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.