Swedbank (OTCMKTS:SWDBY) Upgraded by Barclays to Hold Rating

Barclays upgraded shares of Swedbank (OTCMKTS:SWDBY) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

SWDBY has been the subject of several other reports. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Thursday, February 12th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. Finally, Zacks Research lowered shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Swedbank presently has an average rating of “Reduce”.

Swedbank Stock Performance

Shares of SWDBY stock opened at SEK 35.19 on Wednesday. The firm’s 50 day moving average is SEK 36.98 and its 200 day moving average is SEK 34.22. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $39.60 billion, a P/E ratio of 11.89, a PEG ratio of 5.24 and a beta of 0.72. Swedbank has a 12 month low of SEK 20.70 and a 12 month high of SEK 40.58.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.10. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. The company had revenue of SEK 1.84 billion during the quarter, compared to analysts’ expectations of SEK 1.79 billion. On average, sell-side analysts anticipate that Swedbank will post 2.34 earnings per share for the current year.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.