Danske Bank (OTCMKTS:DNKEY) Hits New 1-Year High – Time to Buy?

Danske Bank (OTCMKTS:DNKEY)’s share price hit a new 52-week high on Thursday . The stock traded as high as $25.50 and last traded at $25.10, with a volume of 30930 shares traded. The stock had previously closed at $24.94.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research report on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Monday, November 3rd. Finally, Barclays restated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Danske Bank Price Performance

The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a fifty day simple moving average of $23.05 and a two-hundred day simple moving average of $21.50. The firm has a market cap of $41.52 billion, a PE ratio of 12.31 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. Danske Bank had a return on equity of 13.01% and a net margin of 40.42%.The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Equities analysts predict that Danske Bank will post 1.84 EPS for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.