Swedbank AB (OTCMKTS:SWDBY) Stock Now Rated “Hold” by Sell-Side Brokerages

Swedbank AB (OTCMKTS:SWDBY) has earned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company.

A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Monday, October 12th. The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Zacks Research cut Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Finally, Barclays raised shares of Swedbank from a “cautious” rating to an “overweight” rating in a report on Friday, October 9th.

Swedbank Price Performance

Shares of SWDBY stock opened at SEK 39.99 on Tuesday. The firm has a fifty day simple moving average of SEK 40.24 and a 200-day simple moving average of SEK 37.96. The company has a market capitalization of $44.96 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 2.94 and a beta of 0.71. Swedbank has a twelve month low of SEK 29.80 and a twelve month high of SEK 42.36. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The firm had revenue of SEK 1.93 billion for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. Equities research analysts anticipate that Swedbank will post 2.74 earnings per share for the current fiscal year.

About Swedbank

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.