Skandinaviska (OTCMKTS:SVKEF) Stock Moved Up to Hold by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Skandinaviska (OTCMKTS:SVKEF) from a moderate sell rating to a hold rating in a report released on Tuesday morning,Zacks reports.

Several other analysts have also recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a research report on Friday, October 9th. The Goldman Sachs Group reissued a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Six research analysts have rated the stock with a Hold rating. According to MarketBeat, Skandinaviska presently has an average rating of “Hold”.

Skandinaviska Price Performance

SVKEF opened at $23.25 on Tuesday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. Skandinaviska has a fifty-two week low of $17.70 and a fifty-two week high of $23.67. The firm’s fifty day moving average is $22.80 and its 200 day moving average is $20.91. The stock has a market cap of $47.36 billion, a price-to-earnings ratio of 12.57 and a beta of 0.62.

Skandinaviska (OTCMKTS:SVKEF) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Skandinaviska had a net margin of 21.30% and a return on equity of 15.60%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.97 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB (SEB) is a Swedish financial services group that provides banking and financial solutions to companies, institutions, and private customers. Its principal activities include corporate and investment banking, commercial banking, retail banking, wealth management, asset management, and private banking.

SEB offers services such as lending, deposits, payments, cash management, trade finance, investment banking, securities services, insurance-related products, and investment products.