Swedbank AB (OTCMKTS:SWDBY) Receives Average Rating of “Reduce” from Analysts

Swedbank AB (OTCMKTS:SWDBY) has received an average rating of “Reduce” from the seven analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Monday, November 24th. Zacks Research raised Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Tuesday, October 14th. Finally, Barclays restated an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th.

Swedbank Price Performance

Shares of SWDBY opened at SEK 34.12 on Monday. The stock has a market cap of $38.40 billion, a P/E ratio of 11.81 and a beta of 0.65. The business’s fifty day moving average is SEK 31.43 and its 200 day moving average is SEK 29.02. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.83. Swedbank has a 12-month low of SEK 19.15 and a 12-month high of SEK 34.21.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share for the quarter, beating analysts’ consensus estimates of SEK 0.64 by SEK 0.15. The firm had revenue of SEK 1.80 billion for the quarter, compared to analyst estimates of SEK 1.73 billion. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. Sell-side analysts anticipate 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.