Skandinaviska (OTCMKTS:SVKEF) Cut to Hold at Barclays

Barclays cut shares of Skandinaviska (OTCMKTS:SVKEF) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Separately, Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Skandinaviska currently has an average rating of “Hold”.

Skandinaviska Price Performance

Shares of OTCMKTS SVKEF opened at $18.60 on Wednesday. Skandinaviska has a twelve month low of $14.00 and a twelve month high of $22.53. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 4.38. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of 10.63 and a beta of 0.52. The firm has a 50-day moving average of $20.67 and a two-hundred day moving average of $20.11.

About Skandinaviska

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.