DANSKE BANK (OTCMKTS:DNKEY) Downgraded to “Hold” Rating by Zacks Research

DANSKE BANK (OTCMKTS:DNKEY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

DNKEY has been the topic of several other research reports. Barclays raised DANSKE BANK from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 2nd. Citigroup reaffirmed a “buy” rating on shares of DANSKE BANK in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of DANSKE BANK in a report on Tuesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

DANSKE BANK Price Performance

Shares of DNKEY opened at $21.30 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 7.82. The stock’s 50 day moving average is $20.40 and its two-hundred day moving average is $18.42. DANSKE BANK has a twelve month low of $13.5030 and a twelve month high of $21.5866. The firm has a market capitalization of $35.57 billion, a PE ratio of 10.49 and a beta of 0.72.

DANSKE BANK (OTCMKTS:DNKEY) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $14.01 billion. DANSKE BANK had a return on equity of 13.40% and a net margin of 41.49%. Research analysts anticipate that DANSKE BANK will post 1.84 earnings per share for the current year.

DANSKE BANK Company Profile

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.