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

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company.

DNKEY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th. Finally, Zacks Research raised shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th.

Danske Bank Stock Performance

OTCMKTS DNKEY opened at $29.46 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. The firm has a market capitalization of $48.07 billion, a price-to-earnings ratio of 13.04 and a beta of 0.62. The firm’s 50 day simple moving average is $28.62 and its 200 day simple moving average is $26.71. Danske Bank has a 1 year low of $20.65 and a 1 year high of $29.65.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) 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 business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.24 billion. As a group, research analysts expect that Danske Bank will post 2.31 earnings per share for the current fiscal year.

About Danske Bank

Danske Bank A/S is a Danish financial services group that provides banking and related financial products to personal, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment services, cards, investment products, wealth management and corporate finance.

The bank also provides mortgage financing in Denmark through Realkredit Danmark, its mortgage subsidiary. For business and institutional clients, Danske Bank offers transaction banking, cash management, capital markets, investment banking and asset management services.

Founded in 1871 as Den Danske Landmandsbank, the company has developed into one of the largest banks in Denmark, with a broader Nordic focus.