Swedbank AB (SWDBY) – What Are Analysts Thinking About This Stock?

Swedbank AB (OTCMKTS:SWDBY) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company.

Several equities analysts recently issued reports on SWDBY shares. Zacks Research lowered Swedbank from a “hold” rating to a “strong sell” rating in a research report on Friday, September 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Swedbank in a report on Wednesday, September 16th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Monday.

Swedbank Trading Up 1.5%

SWDBY traded up SEK 0.59 during midday trading on Tuesday, reaching SEK 40.91. 20,458 shares of the company were exchanged, compared to its average volume of 27,768. Swedbank has a one year low of SEK 29.80 and a one year high of SEK 42.36. The stock has a market capitalization of $46.00 billion, a P/E ratio of 13.87, a PEG ratio of 2.95 and a beta of 0.71. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47. The stock’s 50-day simple moving average is SEK 40.26 and its 200 day simple moving average is SEK 37.72.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The company had revenue of SEK 1.93 billion during the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. As a group, analysts forecast that Swedbank will post 2.74 earnings per share for the current fiscal year.

Swedbank Company Profile

Swedbank AB is a Sweden-based banking group that provides financial services to private customers, businesses, institutions and municipalities. Its offerings include deposit accounts, lending, mortgages, payment and card services, savings and investment products, insurance, corporate finance and other advisory services.

The company serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Swedbank operates through digital banking channels and a network of branches, with additional services provided through subsidiaries and partnerships.