Swedbank (OTCMKTS:SWDBY) Upgraded at Zacks Research

Swedbank (OTCMKTS:SWDBY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Citigroup restated a “neutral” rating on shares of Swedbank in a report on Tuesday, October 14th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Swedbank Price Performance

Shares of OTCMKTS SWDBY opened at SEK 29.93 on Tuesday. The company has a 50 day simple moving average of SEK 30.36 and a two-hundred day simple moving average of SEK 28.10. Swedbank has a fifty-two week low of SEK 18.71 and a fifty-two week high of SEK 31.80. The company has a market capitalization of $33.68 billion, a price-to-earnings ratio of 10.35 and a beta of 0.70. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.47 and a current ratio of 1.47.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share for the quarter, topping the consensus estimate of SEK 0.64 by SEK 0.15. Swedbank had a return on equity of 16.03% and a net margin of 26.30%.The company had revenue of SEK 1.80 billion for the quarter, compared to the consensus estimate of SEK 1.73 billion. Analysts expect that Swedbank will post 2.34 EPS for the current fiscal year.

About Swedbank

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.