Swedbank AB (SWDBY) Stock Rating Lowered by Berenberg Bank
Berenberg Bank downgraded shares of Swedbank AB (OTCMKTS:SWDBY) from a buy rating to a hold rating in a research note released on Friday, MarketBeat reports.
Several other research firms have also recently issued reports on SWDBY. Zacks Investment Research cut Swedbank AB from a strong-buy rating to a hold rating in a report on Tuesday, October 3rd. J P Morgan Chase & Co raised Swedbank AB from a neutral rating to an overweight rating in a report on Tuesday, August 29th. Macquarie reiterated an underperform rating on shares of Swedbank AB in a research report on Friday, October 13th. Finally, ValuEngine upgraded shares of Swedbank AB from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Swedbank AB currently has a consensus rating of Hold.
Swedbank AB (OTCMKTS SWDBY) opened at $24.38 on Friday. The stock has a market capitalization of $27,830.00, a price-to-earnings ratio of 3.85 and a beta of 1.08. Swedbank AB has a twelve month low of $22.58 and a twelve month high of $27.72. The company has a debt-to-equity ratio of 7.44, a current ratio of 1.72 and a quick ratio of 1.72.
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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