Swedbank AB (OTCMKTS:SWDBY) Given Average Rating of “Reduce” by Analysts

Shares of Swedbank AB (OTCMKTS:SWDBY) have received a consensus rating of “Reduce” from the six research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company.

Several equities research analysts have recently issued reports on SWDBY shares. The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Swedbank in a research report on Thursday, July 30th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th.

Swedbank Trading Down 1.8%

SWDBY traded down SEK 0.71 on Monday, hitting SEK 38.84. The company had a trading volume of 2,751 shares, compared to its average volume of 28,366. Swedbank has a 12-month low of SEK 27.91 and a 12-month high of SEK 41.16. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25. The business’s fifty day simple moving average is SEK 38.44 and its 200 day simple moving average is SEK 37.06. The company has a market cap of $43.66 billion, a PE ratio of 13.16, a PEG ratio of 2.16 and a beta of 0.68.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 EPS for the quarter. The firm had revenue of SEK 1.93 billion during the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. Equities research analysts expect that Swedbank will post 2.97 EPS for the current year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.