Swedbank AB (SWDBY) Rating Lowered to Hold at Berenberg Bank
Swedbank AB (OTCMKTS:SWDBY) was downgraded by Berenberg Bank from a “buy” rating to a “hold” rating in a research note issued on Friday.
A number of other analysts also recently issued reports on SWDBY. Zacks Investment Research downgraded Swedbank AB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Macquarie reiterated an “underperform” rating on shares of Swedbank AB in a report on Friday, October 13th. ValuEngine upgraded Swedbank AB from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, J P Morgan Chase & Co upgraded Swedbank AB from a “neutral” rating to an “overweight” rating in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold”.
Shares of Swedbank AB (OTCMKTS:SWDBY) opened at $24.31 on Friday. Swedbank AB has a 52 week low of $22.58 and a 52 week high of $27.72. The stock has a market capitalization of $27,513.41, a price-to-earnings ratio of 3.85 and a beta of 0.96. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 7.44.
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Swedbank AB Company Profile
Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.
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