Swedbank AB (OTCMKTS:SWDBY) Receives Consensus Rating of “Hold” from Analysts

Shares of Swedbank AB (OTCMKTS:SWDBY) have received a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company.

A number of equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research note on Tuesday, September 2nd. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Tuesday, October 14th.

Swedbank Price Performance

OTCMKTS:SWDBY opened at SEK 29.93 on Thursday. The firm has a market capitalization of $33.68 billion, a price-to-earnings ratio of 10.35 and a beta of 0.70. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.47 and a quick ratio of 1.47. The business has a 50 day simple moving average of SEK 30.36 and a 200-day simple moving average of SEK 28.10. Swedbank has a 1 year low of SEK 18.71 and a 1 year high of SEK 31.80.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share for the quarter, beating the consensus estimate of SEK 0.64 by SEK 0.15. The company had revenue of SEK 1.80 billion for the quarter, compared to analyst estimates of SEK 1.73 billion. Swedbank had a return on equity of 16.03% and a net margin of 26.30%. Equities analysts forecast that Swedbank will post 2.34 EPS for the current 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.