Swedbank (OTCMKTS:SWDBY) Rating Increased to Strong-Buy at Zacks Research

Swedbank (OTCMKTS:SWDBY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on SWDBY. Barclays reaffirmed an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research note on Monday, November 24th. Finally, Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Swedbank Price Performance

Shares of OTCMKTS:SWDBY opened at SEK 39.85 on Tuesday. The firm has a market cap of $44.84 billion, a price-to-earnings ratio of 13.46 and a beta of 0.67. Swedbank has a 1 year low of SEK 19.16 and a 1 year high of SEK 40.58. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.83. The business has a fifty day simple moving average of SEK 36.24 and a 200 day simple moving average of SEK 31.96.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share for the quarter, topping the consensus estimate of SEK 0.67 by SEK 0.10. The company had revenue of SEK 1.84 billion for the quarter, compared to analyst estimates of SEK 1.79 billion. Swedbank had a return on equity of 15.87% and a net margin of 30.27%. As a group, sell-side analysts predict that Swedbank will post 2.34 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.