Danske Bank (OTCMKTS:DNKEY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Danske Bank (OTCMKTS:DNKEY) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

A number of other research firms have also commented on DNKEY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research note on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Danske Bank presently has an average rating of “Moderate Buy”.

Danske Bank Stock Performance

OTCMKTS:DNKEY opened at $28.60 on Tuesday. The stock has a market capitalization of $46.66 billion, a P/E ratio of 12.65 and a beta of 0.61. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. Danske Bank has a 1 year low of $20.16 and a 1 year high of $29.41. The firm has a 50 day moving average of $27.48 and a 200-day moving average of $26.31.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%.The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.24 billion. As a group, sell-side analysts anticipate that Danske Bank will post 2.29 EPS for the current fiscal year.

Danske Bank Company Profile

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.