Swedbank AB (publ) (OTCMKTS:SWDBY) Upgraded by UBS Group to Buy

UBS Group upgraded shares of Swedbank AB (publ) (OTCMKTS:SWDBY) to a buy rating in a research note issued to investors on Thursday, The Fly reports.

A number of other equities research analysts also recently commented on SWDBY. Morgan Stanley reissued an equal weight rating on shares of Swedbank AB (publ) in a research report on Wednesday, April 28th. The Goldman Sachs Group raised shares of Swedbank AB (publ) from a sell rating to a neutral rating in a research report on Tuesday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating on shares of Swedbank AB (publ) in a research report on Wednesday, April 14th. JPMorgan Chase & Co. downgraded shares of Swedbank AB (publ) from an overweight rating to a neutral rating in a research report on Tuesday, February 16th. Finally, Keefe, Bruyette & Woods downgraded shares of Swedbank AB (publ) from an outperform rating to a market perform rating in a research report on Friday, May 21st. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold.

Swedbank AB (publ) stock opened at $18.57 on Thursday. Swedbank AB has a 52-week low of $12.39 and a 52-week high of $19.89. The business’s 50 day simple moving average is $18.22. The company has a debt-to-equity ratio of 5.55, a quick ratio of 1.49 and a current ratio of 1.47. The firm has a market cap of $21.02 billion, a price-to-earnings ratio of 9.38 and a beta of 1.01.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its quarterly earnings data on Tuesday, April 27th. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. Swedbank AB (publ) had a net margin of 37.96% and a return on equity of 13.17%.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to individuals and companies. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers savings, salary, and current accounts; private residential and corporate lending; leasing, factoring, and financing services; consumer, mortgage, acquisition and project, export, and marine financing; mutual funds; and asset management, and life insurance and pension services.

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Analyst Recommendations for Swedbank AB (publ) (OTCMKTS:SWDBY)

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