Swedbank AB (publ) (OTCMKTS:SWDBY) Lowered to “Hold” Rating by UBS Group

UBS Group cut shares of Swedbank AB (publ) (OTCMKTS:SWDBY) from a strong-buy rating to a hold rating in a report issued on Friday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on SWDBY. Hsbc Global Res cut shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Citigroup cut shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Swedbank AB (publ) Stock Performance

OTCMKTS:SWDBY opened at SEK 26.16 on Friday. The company has a fifty day simple moving average of SEK 24.37 and a two-hundred day simple moving average of SEK 22.86. The company has a market cap of $29.43 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.93 and a beta of 0.80. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 3.63. Swedbank AB has a 52 week low of SEK 18.71 and a 52 week high of SEK 27.60.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 EPS for the quarter. The business 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, equities analysts anticipate that Swedbank AB will post 2.34 earnings per share for the current fiscal 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.