Swedbank AB (OTCMKTS:SWDBY) Receives Average Rating of “Reduce” from Brokerages

Swedbank AB (OTCMKTS:SWDBY) has been given a consensus rating of “Reduce” by the six analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

A number of analysts have recently commented on the company. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Tuesday, September 2nd. UBS Group downgraded Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, June 6th.

Swedbank Price Performance

SWDBY stock opened at SEK 28.85 on Wednesday. The stock’s 50 day moving average price is SEK 27.43 and its 200 day moving average price is SEK 25.76. The firm has a market cap of $32.47 billion, a P/E ratio of 9.95 and a beta of 0.71. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.47 and a current ratio of 1.47. Swedbank has a 1 year low of SEK 18.71 and a 1 year high of SEK 29.32.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported SEK 0.72 earnings per share for the quarter. The business had revenue of SEK 1.76 billion during the quarter. Swedbank had a net margin of 25.22% and a return on equity of 16.12%. On average, sell-side analysts expect that Swedbank will post 2.34 earnings per share for the current fiscal year.

Swedbank Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.