Swedbank AB (OTCMKTS:SWDBY) Receives Average Recommendation of “Reduce” from Brokerages

Swedbank AB (OTCMKTS:SWDBY) has been assigned an average rating of “Reduce” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company.

SWDBY has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Swedbank in a research report on Thursday, July 30th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th.

Swedbank Price Performance

SWDBY stock opened at SEK 40.67 on Thursday. The stock has a market cap of $45.72 billion, a P/E ratio of 13.79, a PEG ratio of 2.24 and a beta of 0.68. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. Swedbank has a twelve month low of SEK 27.28 and a twelve month high of SEK 41. The company’s 50 day moving average is SEK 37.51 and its two-hundred day moving average is SEK 36.96.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. The business had revenue of SEK 1.93 billion during the quarter. Research analysts expect that Swedbank will post 2.97 earnings per share for the current fiscal year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.