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 note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Credit Suisse Group Price Performance

NYSE:CS opened at $0.89 on Tuesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.53 and a current ratio of 1.53. Credit Suisse Group has a one year low of $0.82 and a one year high of $6.36. The stock has a 50-day simple moving average of $0.89 and a 200 day simple 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 Company Profile

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.