Swedbank AB (OTCMKTS:SWDBY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Swedbank AB (OTCMKTS:SWDBY) have been given a consensus recommendation of “Reduce” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company.

SWDBY has been the subject of several research analyst reports. Zacks Research raised Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Citigroup reiterated 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 Monday, November 24th. Barclays restated an “underweight” rating on shares of Swedbank in a report on Wednesday. Finally, The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th.

Swedbank Trading Down 2.1%

OTCMKTS SWDBY opened at SEK 33.43 on Monday. The firm’s 50 day moving average price is SEK 31.10 and its two-hundred day moving average price is SEK 28.82. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.50 and a current ratio of 1.50. Swedbank has a twelve month low of SEK 19.15 and a twelve month high of SEK 34.13. The stock has a market cap of $37.62 billion, a price-to-earnings ratio of 11.57 and a beta of 0.65.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of SEK 0.64 by SEK 0.15. Swedbank had a return on equity of 15.55% and a net margin of 26.30%.The company had revenue of SEK 1.80 billion during the quarter, compared to analyst estimates of SEK 1.73 billion. Equities analysts anticipate that Swedbank will post 2.34 EPS for the current 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.