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

Swedbank AB (OTCMKTS:SWDBY) has received a consensus rating of “Reduce” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

SWDBY has been the subject of several analyst reports. Zacks Research lowered Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. The Goldman Sachs Group lowered Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research note on Monday, November 24th. Finally, Barclays reissued an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th.

Swedbank Price Performance

Shares of OTCMKTS:SWDBY opened at SEK 39.57 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.83. The stock has a market capitalization of $44.53 billion, a PE ratio of 13.37 and a beta of 0.67. The firm’s 50 day moving average price is SEK 35.13 and its 200-day moving average price is SEK 31.35. Swedbank has a twelve month low of SEK 19.16 and a twelve month high of SEK 40.22.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10. Swedbank had a net margin of 30.27% and a return on equity of 15.87%. The company had revenue of SEK 1.84 billion during the quarter, compared to analyst estimates of SEK 1.79 billion. Equities research analysts expect that Swedbank will post 2.34 EPS for the current year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.