Zacks Investment Research cut shares of Swedbank AB (OTCMKTS:SWDBY) from a strong-buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Swedbank is a leading Nordic-Baltic banking group with retail customers and corporate customers in Sweden, Estonia, Lithuania and Latvia. Swedbank’s vision is to be the leading financial institution in the markets where they are present. In Sweden the group has more than 470 branches. In the Baltic countries the group has another 280 branches. Outside of the Nordic-Baltic home markets, the group is present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St.Petersburg and Tokyo. “

A number of other research firms also recently weighed in on SWDBY. ValuEngine upgraded Swedbank AB from a buy rating to a strong-buy rating in a report on Thursday, July 6th. J P Morgan Chase & Co upgraded Swedbank AB from a neutral rating to an overweight rating in a report on Tuesday, August 29th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Swedbank AB has an average rating of Buy.

Swedbank AB (OTCMKTS SWDBY) opened at 27.41 on Tuesday. Swedbank AB has a one year low of $22.39 and a one year high of $27.72. The firm has a 50-day moving average price of $27.01 and a 200 day moving average price of $25.11. The company has a market cap of $30.52 billion, a price-to-earnings ratio of 12.93 and a beta of 0.98.

WARNING: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/07/swedbank-ab-swdby-rating-lowered-to-hold-at-zacks-investment-research.html.

About Swedbank AB

Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.

Get a free copy of the Zacks research report on Swedbank AB (SWDBY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Swedbank AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swedbank AB and related stocks with our FREE daily email newsletter.