Danske Bank A/S (OTCMKTS:DNKEY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Danske Bank A/S (OTCMKTS:DNKEY) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms have recently commented on DNKEY. Citigroup reaffirmed a “buy” rating on shares of Danske Bank A/S in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank A/S in a research report on Tuesday, May 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank A/S in a research report on Friday, March 7th.

Danske Bank A/S Stock Down 0.2%

OTCMKTS DNKEY opened at $19.32 on Friday. The stock’s 50-day moving average price is $17.31 and its 200-day moving average price is $16.04. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 7.47. Danske Bank A/S has a 52 week low of $13.50 and a 52 week high of $19.80. The company has a market capitalization of $32.27 billion, a P/E ratio of 9.66 and a beta of 0.77.

Danske Bank A/S (OTCMKTS:DNKEY) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $13.86 billion. On average, equities research analysts predict that Danske Bank A/S will post 1.84 earnings per share for the current year.

Danske Bank A/S Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 24th were given a dividend of $0.7642 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Danske Bank A/S’s previous dividend of $0.46. Danske Bank A/S’s dividend payout ratio (DPR) is currently 74.75%.

Danske Bank A/S Company Profile

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.