Danske Bank (OTCMKTS:DNKEY) Sees Strong Trading Volume – Still a Buy?

Danske Bank (OTCMKTS:DNKEY) saw an uptick in trading volume on Wednesday . 271,581 shares traded hands during mid-day trading, an increase of 577% from the previous session’s volume of 40,086 shares.The stock last traded at $25.0710 and had previously closed at $24.94.

Analyst Upgrades and Downgrades

DNKEY has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research note on Tuesday, October 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Monday, November 24th. Barclays reissued an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Danske Bank has a consensus rating of “Moderate Buy”.

Danske Bank Stock Up 0.6%

The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 7.16. The company has a 50 day simple moving average of $22.98 and a two-hundred day simple moving average of $21.46. The firm has a market capitalization of $41.92 billion, a P/E ratio of 12.43 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last released its earnings results on Friday, October 31st. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.15 billion. On average, equities analysts predict that Danske Bank will post 1.84 EPS for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.