Danske Bank (OTCMKTS:DNKEY) Stock Rating Lowered by Barclays

Danske Bank (OTCMKTS:DNKEY) was downgraded by stock analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Friday, Zacks reports.

DNKEY has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Zacks Research cut Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Danske Bank Stock Down 1.3%

Shares of Danske Bank stock opened at $26.46 on Friday. The company has a 50-day simple moving average of $28.69 and a two-hundred day simple moving average of $27.12. The stock has a market capitalization of $43.17 billion, a PE ratio of 11.71 and a beta of 0.63. Danske Bank has a 52-week low of $21.00 and a 52-week high of $29.65. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.76 and a current ratio of 1.76.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. On average, analysts anticipate that Danske Bank will post 2.33 EPS for the current fiscal year.

About Danske Bank

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.