Swedbank AB (publ) (OTCMKTS:SWDBY) Hits New 52-Week High – Still a Buy?

Shares of Swedbank AB (publ) (OTCMKTS:SWDBY) hit a new 52-week high during trading on Monday . The company traded as high as SEK 26.62 and last traded at SEK 26.62, with a volume of 64797 shares traded. The stock had previously closed at SEK 26.13.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup lowered Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 31st. Barclays downgraded shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res cut shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th.

Swedbank AB (publ) Price Performance

The company has a market capitalization of $29.96 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.93 and a beta of 0.80. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. The company’s 50-day moving average price is SEK 23.94 and its two-hundred day moving average price is SEK 22.21.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The company had revenue of SEK 1.62 billion during the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. As a group, sell-side analysts expect that Swedbank AB will post 2.34 EPS for the current year.

About Swedbank AB (publ)

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.