Swedbank AB (OTCMKTS:SWDBY) Given Average Rating of “Reduce” by Analysts

Shares of Swedbank AB (OTCMKTS:SWDBY) have been given a consensus recommendation of “Reduce” by the seven analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company.

Several brokerages recently issued reports on SWDBY. The Goldman Sachs Group cut Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Zacks Research upgraded Swedbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research note on Thursday, February 12th. Barclays restated an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. Finally, Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th.

Swedbank Stock Performance

OTCMKTS SWDBY opened at SEK 37.22 on Friday. The stock has a market cap of $41.88 billion, a PE ratio of 12.57 and a beta of 0.69. Swedbank has a 12 month low of SEK 19.16 and a 12 month high of SEK 40.58. The company’s 50-day moving average price is SEK 37.70 and its 200-day moving average price is SEK 33.09. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10. The company had revenue of SEK 1.84 billion during the quarter, compared to analysts’ expectations of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. Equities research analysts forecast that Swedbank will post 2.34 earnings per share for the current year.

Swedbank Company Profile

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.