Danske Bank (OTCMKTS:DNKEY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several equities research analysts recently issued reports on DNKEY shares. Barclays reissued an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research report on Tuesday, May 12th. Jefferies Financial Group reissued a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Finally, Citigroup reissued a “buy” rating on shares of Danske Bank in a research report on Wednesday, May 6th.

Danske Bank Stock Performance

Shares of DNKEY opened at $25.39 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 11.70 and a beta of 0.60. Danske Bank has a 52-week low of $19.37 and a 52-week high of $27.61. The business’s 50 day moving average is $25.56 and its two-hundred day moving average is $25.17.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%. Analysts forecast that Danske Bank will post 2.32 EPS for the current fiscal year.

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.