Swedbank AB (OTCMKTS:SWDBY) Given Average Recommendation of “Reduce” by Analysts

Swedbank AB (OTCMKTS:SWDBY) has been assigned an average recommendation of “Reduce” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company.

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

Swedbank Stock Performance

SWDBY opened at SEK 35.48 on Wednesday. Swedbank has a twelve month low of SEK 19.16 and a twelve month high of SEK 40.58. The company has a 50-day simple moving average of SEK 37.95 and a 200 day simple moving average of SEK 33.88. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $39.93 billion, a price-to-earnings ratio of 11.99 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, beating the consensus estimate 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 15.50%. Analysts predict 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.