Swedbank AB (OTCMKTS:SWDBY – Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of SEK 30.34 and traded as low as SEK 29.88. Swedbank shares last traded at SEK 30.16, with a volume of 8,900 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on SWDBY shares. Citigroup restated a “neutral” rating on shares of Swedbank in a report on Tuesday, October 14th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research note on Tuesday, September 2nd. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.
Read Our Latest Report on SWDBY
Swedbank Price Performance
Swedbank (OTCMKTS:SWDBY – Get Free Report) last announced its earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share for the quarter, topping the consensus estimate of SEK 0.64 by SEK 0.15. The firm had revenue of SEK 1.80 billion for the quarter, compared to the consensus estimate of SEK 1.73 billion. Swedbank had a net margin of 26.30% and a return on equity of 16.03%. On average, analysts predict that Swedbank AB will post 2.34 EPS for the current year.
About Swedbank
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.
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