Swedbank AB (OTCMKTS:SWDBY) Given Consensus Recommendation of “Reduce” by Brokerages

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

A number of analysts recently commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Thursday, February 12th. Barclays reissued an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. Zacks Research upgraded shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group cut Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th.

Swedbank Stock Down 0.8%

Shares of OTCMKTS SWDBY opened at SEK 38.60 on Friday. The firm’s 50-day moving average is SEK 37.56 and its two-hundred day moving average is SEK 32.88. The company has a market capitalization of $43.44 billion, a PE ratio of 13.04 and a beta of 0.67. Swedbank has a 12-month low of SEK 19.16 and a 12-month high of SEK 40.58. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion during the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a return on equity of 15.50% and a net margin of 30.27%. Equities analysts anticipate that Swedbank will post 2.34 EPS for the current fiscal 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.