Danske Bank (OTCMKTS:DNKEY) Receives Average Rating of “Moderate Buy” from Analysts

Danske Bank (OTCMKTS:DNKEY) has earned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

DNKEY has been the topic of several research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Thursday, February 12th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Friday, February 20th. Finally, Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th.

Danske Bank Price Performance

Danske Bank stock opened at $26.34 on Monday. Danske Bank has a 12 month low of $16.11 and a 12 month high of $27.61. The stock’s 50 day moving average is $25.57 and its 200-day moving average is $24.26. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44. The company has a market capitalization of $43.99 billion, a price-to-earnings ratio of 12.48 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last posted its earnings results on Thursday, February 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. Danske Bank had a return on equity of 13.25% and a net margin of 40.52%.The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.31 billion. Equities research analysts expect that Danske Bank will post 1.84 EPS for the current year.

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.