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

Shares of Swedbank AB (OTCMKTS:SWDBY) have received an average recommendation of “Reduce” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company.

A number of equities analysts have recently weighed in on SWDBY shares. Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th. Zacks Research lowered Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. The Goldman Sachs Group raised Swedbank from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Swedbank in a research note on Wednesday.

Swedbank Price Performance

Shares of OTCMKTS:SWDBY traded down SEK 0.61 on Friday, hitting SEK 40.82. The company had a trading volume of 7,391 shares, compared to its average volume of 27,596. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The company has a market cap of $45.89 billion, a PE ratio of 13.84, a PEG ratio of 3.06 and a beta of 0.68. Swedbank has a 52-week low of SEK 29.21 and a 52-week high of SEK 41.56. The business has a 50 day moving average of SEK 39.40 and a 200 day moving average of SEK 37.16.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share for the quarter. The firm had revenue of SEK 1.93 billion during the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. As a group, equities analysts anticipate that Swedbank will post 2.81 earnings per share for the current fiscal year.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.