Swedbank (OTCMKTS:SWDBY) Upgraded at Zacks Research

Zacks Research upgraded shares of Swedbank (OTCMKTS:SWDBY) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Monday, November 24th. Barclays restated an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Swedbank Stock Down 2.3%

Shares of OTCMKTS:SWDBY opened at SEK 38.93 on Tuesday. The company has a market capitalization of $43.81 billion, a PE ratio of 13.15 and a beta of 0.67. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.50 and a current ratio of 1.50. The company’s fifty day moving average is SEK 36.38 and its 200-day moving average is SEK 32.01. Swedbank has a 52 week low of SEK 19.16 and a 52 week high of SEK 40.58.

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

Swedbank Company Profile

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.