Swedbank AB (SWDBY) Rating Lowered to Hold at Zacks Investment Research
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.
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.
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