Danske Bank (OTCMKTS:DNKEY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company.

A number of equities research analysts have recently weighed in on DNKEY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Monday, November 24th. Zacks Research downgraded Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research note on Tuesday, October 14th. Barclays reissued an “overweight” rating on shares of Danske Bank in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research note on Monday, November 3rd.

Danske Bank Stock Performance

Shares of DNKEY stock opened at $24.52 on Tuesday. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $40.95 billion, a P/E ratio of 12.14 and a beta of 0.61. The firm’s 50 day moving average price is $22.32 and its 200-day moving average price is $21.11. Danske Bank has a one year low of $13.50 and a one year high of $24.53.

Danske Bank (OTCMKTS:DNKEY) last announced its earnings results on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Danske Bank had a return on equity of 13.01% and a net margin of 40.42%.The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. As a group, equities research analysts predict that Danske Bank will post 1.84 EPS for the current year.

Danske Bank 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.