Swedbank AB (OTCMKTS:SWDBY) Given Average Recommendation of “Hold” by Analysts

Shares of Swedbank AB (OTCMKTS:SWDBY) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a strong buy recommendation on the company.

SWDBY has been the topic of a number of research reports. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Tuesday, September 2nd. Finally, Citigroup restated a “neutral” rating on shares of Swedbank in a research note on Tuesday, October 14th.

Swedbank Stock Performance

Shares of SWDBY stock opened at SEK 30.21 on Thursday. The stock has a 50-day moving average of SEK 30.39 and a 200-day moving average of SEK 28.17. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $34.00 billion, a PE ratio of 10.45 and a beta of 0.70. Swedbank has a one year low of SEK 18.71 and a one year high of SEK 31.80.

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

Swedbank Company Profile

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.