Danske Bank (OTCMKTS:DNKEY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Danske Bank (OTCMKTS:DNKEY) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Zacks Research upgraded Danske Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a report on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a report on Monday, July 6th.

Danske Bank Price Performance

OTCMKTS:DNKEY opened at $28.64 on Friday. Danske Bank has a 52 week low of $20.16 and a 52 week high of $29.41. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.76 and a current ratio of 1.76. The firm’s 50-day simple moving average is $27.75 and its 200 day simple moving average is $26.40. The firm has a market cap of $46.73 billion, a price-to-earnings ratio of 12.67 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. As a group, sell-side analysts predict that Danske Bank will post 2.29 earnings per share for the current 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.