Shares of Swedbank AB (OTCMKTS:SWDBY – Get Free Report) have earned a consensus recommendation of “Reduce” from the seven brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company.
A number of analysts recently issued reports on SWDBY shares. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Thursday, February 12th. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Barclays reaffirmed an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. Finally, Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Tuesday, January 20th.
View Our Latest Analysis on SWDBY
Swedbank Stock Down 0.8%
Shares of OTCMKTS SWDBY opened at SEK 38.60 on Friday. The stock has a market capitalization of $43.44 billion, a PE ratio of 13.04 and a beta of 0.67. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 3.42. The firm has a fifty day moving average of SEK 37.56 and a 200-day moving average of SEK 32.88. Swedbank has a 52-week low of SEK 19.16 and a 52-week high of SEK 40.58.
Swedbank (OTCMKTS:SWDBY – Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion during the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a return on equity of 15.50% and a net margin of 30.27%. On average, analysts anticipate that Swedbank will post 2.34 EPS for the current year.
About Swedbank
(Get Free Report)
Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.
Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.
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