Swedbank (OTCMKTS:SWDBY) Stock Lifted to “Hold” by Zacks Research

Swedbank (OTCMKTS:SWDBY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Deutsche Bank reiterated a “buy” rating on shares of Swedbank in a report on Wednesday, September 16th. Barclays upgraded shares of Swedbank from a “cautious” rating to an “overweight” rating in a research report on Friday, October 9th. Finally, Citigroup reissued a “neutral” rating on shares of Swedbank in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Swedbank Stock Performance

SWDBY opened at SEK 41.83 on Wednesday. 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 company has a market cap of $47.02 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.09 and a beta of 0.69. Swedbank has a 52-week low of SEK 29.80 and a 52-week high of SEK 42.62. The firm’s fifty day simple moving average is SEK 40.49 and its two-hundred day simple moving average is SEK 38.07.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Thursday, October 22nd. The financial services provider reported SEK 0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.73 by SEK 0.03. Swedbank had a net margin of 28.94% and a return on equity of 14.76%. The business had revenue of SEK 1.86 billion for the quarter. Equities analysts anticipate that Swedbank will post 2.81 earnings per share for the current fiscal year.

About Swedbank

Swedbank is a Swedish banking group serving individuals, businesses and financial institutions. Its services include everyday banking and payments, savings and investment products, mortgages and other lending, and corporate banking. The bank has a long history rooted in Sweden’s savings bank movement, which dates to the early 19th century. Today, its main markets are Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Swedbank is headquartered in Stockholm. Jens Henriksson has served as the group’s president and chief executive officer since 2019.