Danske Bank A/S (OTCMKTS:DNKEY) Raised to Strong-Buy at Barclays

Danske Bank A/S (OTCMKTS:DNKEY) was upgraded by investment analysts at Barclays from a “strong sell” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank A/S in a research report on Tuesday, May 13th. Citigroup restated a “buy” rating on shares of Danske Bank A/S in a research report on Wednesday, May 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank A/S in a report on Friday, March 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Danske Bank A/S Trading Down 2.1%

Shares of DNKEY stock opened at $19.59 on Monday. The firm has a market capitalization of $32.72 billion, a P/E ratio of 9.80 and a beta of 0.77. Danske Bank A/S has a twelve month low of $13.50 and a twelve month high of $20.04. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 7.47. The stock’s fifty day simple moving average is $17.51 and its 200 day simple moving average is $16.21.

Danske Bank A/S (OTCMKTS:DNKEY) last issued its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $13.86 billion. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. As a group, sell-side analysts predict that Danske Bank A/S will post 1.84 EPS for the current fiscal year.

Danske Bank A/S 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.