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

Shares of Swedbank AB (OTCMKTS:SWDBY) have earned an average rating of “Reduce” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Several research firms recently issued reports on SWDBY. Barclays reiterated an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Monday, November 24th. The Goldman Sachs Group lowered Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Finally, Zacks Research lowered shares of Swedbank from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th.

Swedbank Price Performance

Swedbank stock opened at SEK 40.06 on Tuesday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.50 and a current ratio of 1.50. The company’s fifty day moving average price is SEK 35.95 and its 200 day moving average price is SEK 31.82. The stock has a market capitalization of $45.08 billion, a P/E ratio of 13.53 and a beta of 0.67. Swedbank has a 1 year low of SEK 19.16 and a 1 year high of SEK 40.58.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10. The business had revenue of SEK 1.84 billion for the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.87%. As a group, equities research analysts anticipate that Swedbank will post 2.34 earnings per share 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.