Danske Bank (OTCMKTS:DNKEY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Danske Bank (OTCMKTS:DNKEY) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several equities analysts have weighed in on DNKEY shares. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. The Goldman Sachs Group restated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Zacks Research downgraded Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th.

Danske Bank Trading Down 1.3%

Shares of DNKEY stock opened at $26.46 on Monday. The business’s fifty day moving average price is $28.69 and its 200 day moving average price is $27.12. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $43.17 billion, a PE ratio of 11.71 and a beta of 0.63. Danske Bank has a 1-year low of $21.00 and a 1-year high of $29.65.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. As a group, sell-side analysts forecast that Danske Bank will post 2.33 EPS for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a Denmark-based financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banking institutions in the Nordic region and provides services to personal, business, corporate, institutional and public-sector customers.

The bank offers a broad range of financial products, including deposit and lending services, mortgages, payment solutions, cards, investment and wealth management, corporate finance, cash management and other capital-markets services.