Skandinaviska (OTCMKTS:SVKEF) Stock Rated “Hold” by Sell-Side Brokerages

Skandinaviska (OTCMKTS:SVKEF) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation.

A number of research firms have recently commented on SVKEF. The Goldman Sachs Group restated a “neutral” rating on shares of Skandinaviska in a research report on Monday, July 20th. Keefe, Bruyette & Woods raised shares of Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Arctic Securiti upgraded Skandinaviska to a “hold” rating in a research report on Friday, October 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a research report on Friday, October 9th.

Skandinaviska Price Performance

Shares of OTCMKTS:SVKEF opened at $22.09 on Tuesday. The company has a 50 day moving average of $23.00 and a 200 day moving average of $21.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.23. The stock has a market cap of $45.00 billion, a P/E ratio of 11.97 and a beta of 0.59. Skandinaviska has a 12 month low of $17.70 and a 12 month high of $23.67.

Skandinaviska (OTCMKTS:SVKEF) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Skandinaviska had a net margin of 21.03% and a return on equity of 15.43%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.94 billion.

Skandinaviska Company Profile

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving individuals, businesses, institutions and public-sector organizations. Its services include personal and corporate banking, payments, lending, investment banking, wealth and asset management, and insurance-related offerings.

SEB has roots in Stockholms Enskilda Bank, founded in 1856 by André Oscar Wallenberg. The present-day group was formed in 1972 through the merger of Stockholms Enskilda Bank and Skandinaviska Banken.

The company is headquartered in Sweden and has a strong presence in the Nordic and Baltic countries.