Skandinaviska (OTCMKTS:SVKEF) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Skandinaviska (OTCMKTS:SVKEF) from a moderate sell rating to a hold rating in a research note released on Tuesday morning,Zacks reports.

Several other research firms have also weighed in on SVKEF. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research note on Friday, October 9th. Six research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

Skandinaviska Price Performance

SVKEF opened at $23.25 on Tuesday. Skandinaviska has a fifty-two week low of $17.70 and a fifty-two week high of $23.67. The company has a market capitalization of $47.36 billion, a P/E ratio of 12.57 and a beta of 0.62. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s fifty day moving average price is $22.80 and its two-hundred day moving average price is $20.91.

Skandinaviska (OTCMKTS:SVKEF) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Skandinaviska had a net margin of 21.30% and a return on equity of 15.60%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.97 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB (SEB) is a Swedish financial services group that provides banking and financial solutions to companies, institutions, and private customers. Its principal activities include corporate and investment banking, commercial banking, retail banking, wealth management, asset management, and private banking.

SEB offers services such as lending, deposits, payments, cash management, trade finance, investment banking, securities services, insurance-related products, and investment products.