Danske Bank (OTCMKTS:DNKEY) Hits New 52-Week High – What’s Next?

Danske Bank (OTCMKTS:DNKEY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $23.7505 and last traded at $23.7505, with a volume of 286 shares traded. The stock had previously closed at $23.38.

Analyst Ratings Changes

DNKEY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a research note on Monday, November 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Monday, November 24th. Zacks Research lowered shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Danske Bank presently has a consensus rating of “Buy”.

Danske Bank Stock Up 1.5%

The company has a market capitalization of $39.64 billion, a P/E ratio of 11.75 and a beta of 0.61. The company has a quick ratio of 1.80, a current ratio of 1.76 and a debt-to-equity ratio of 7.16. The company has a 50 day simple moving average of $22.08 and a two-hundred day simple moving average of $20.96.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Danske Bank had a return on equity of 13.01% and a net margin of 40.42%.The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. As a group, equities analysts predict that Danske Bank will post 1.84 EPS 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.