Swedbank (OTCMKTS:SWDBY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Swedbank (OTCMKTS:SWDBY) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks reports.

Several other research firms also recently weighed in on SWDBY. Deutsche Bank reissued a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Monday, October 12th. The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Barclays raised Swedbank from a “cautious” rating to an “overweight” rating in a report on Friday, October 9th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Swedbank Price Performance

SWDBY stock opened at SEK 41.83 on Wednesday. Swedbank has a twelve month low of SEK 29.80 and a twelve month high of SEK 42.62. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The company has a market capitalization of $47.02 billion, a P/E ratio of 14.32, a PEG ratio of 2.09 and a beta of 0.69. The firm has a 50 day simple moving average of SEK 40.49 and a 200-day simple moving average of SEK 38.07.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported SEK 0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.73 by SEK 0.03. Swedbank had a net margin of 28.94% and a return on equity of 14.76%. The firm had revenue of SEK 1.86 billion for the quarter. On average, equities research analysts predict that Swedbank will post 2.81 earnings per share for the current fiscal year.

About Swedbank

Swedbank is a Swedish banking group serving individuals, businesses and financial institutions. Its services include everyday banking and payments, savings and investment products, mortgages and other lending, and corporate banking. The bank has a long history rooted in Sweden’s savings bank movement, which dates to the early 19th century. Today, its main markets are Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Swedbank is headquartered in Stockholm. Jens Henriksson has served as the group’s president and chief executive officer since 2019.