Deutsche Bank Aktiengesellschaft Lowers Swedbank AB (publ) (OTCMKTS:SWDBY) to Hold

Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

Several other research firms have also commented on SWDBY. Credit Suisse Group decreased their target price on shares of Swedbank AB (publ) from SEK 166 to SEK 155 in a report on Friday, May 27th. Barclays raised their target price on shares of Swedbank AB (publ) from SEK 174 to SEK 189 and gave the company an “overweight” rating in a report on Thursday, May 12th. Danske raised shares of Swedbank AB (publ) from a “hold” rating to a “buy” rating in a report on Friday, April 8th. BNP Paribas lowered shares of Swedbank AB (publ) from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 18th. Finally, AlphaValue upgraded shares of Swedbank AB (publ) from a “reduce” rating to an “accumulate” rating in a research note on Thursday, April 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $181.50.

Swedbank AB (publ) Price Performance

OTCMKTS:SWDBY opened at $13.84 on Friday. Swedbank AB has a 52 week low of $12.14 and a 52 week high of $23.27. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 7.17 and a beta of 0.98. The firm’s 50-day simple moving average is $13.82 and its 200 day simple moving average is $15.75. The company has a debt-to-equity ratio of 5.27, a quick ratio of 1.44 and a current ratio of 1.44.

Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Swedbank AB (publ) had a net margin of 39.06% and a return on equity of 11.87%. The firm had revenue of $1.21 billion for the quarter. As a group, sell-side analysts predict that Swedbank AB will post 1.8 earnings per share for the current year.

Swedbank AB (publ) Company Profile

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Swedbank AB (publ) provides various banking products and services to individuals and companies. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers savings accounts, mutual funds and insurance savings, pension savings, institutional asset management, and other savings and investment products; private residential lending, consumer financing, corporate lending, leasing, other financing products, trade finance, and factoring services; and current accounts, cash handling, debit and credit cards, card acquiring, other payment products, as well as domestic, international, mobile, and document payments.

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Analyst Recommendations for Swedbank AB (publ) (OTCMKTS:SWDBY)

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