Danske Bank (OTCMKTS:DNKEY) Stock Rated “Hold” by Sell-Side Analysts

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company.

DNKEY has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Barclays lowered shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th. Finally, Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Monday, October 12th.

Danske Bank Stock Performance

DNKEY opened at $25.85 on Friday. The business has a fifty day moving average price of $27.91 and a 200 day moving average price of $26.74. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market capitalization of $42.18 billion, a price-to-earnings ratio of 11.00 and a beta of 0.67. Danske Bank has a 12 month low of $21.91 and a 12 month high of $29.65.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. Danske Bank had a return on equity of 14.40% and a net margin of 41.60%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Sell-side analysts expect that Danske Bank will post 2.28 earnings per share for the current fiscal year.

About Danske Bank

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.