Keefe, Bruyette & Woods Upgrades Skandinaviska (OTCMKTS:SVKEF) to Hold

Skandinaviska (OTCMKTS:SVKEF) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “moderate sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

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

Skandinaviska Stock Performance

OTCMKTS SVKEF opened at $23.25 on Tuesday. Skandinaviska has a 12 month low of $17.70 and a 12 month high of $23.67. The stock has a 50-day simple moving average of $22.80 and a 200 day simple moving average of $20.91. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $47.36 billion, a PE 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%.

Skandinaviska Company Profile

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.