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) 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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