Barclays Lowers Swedbank (SWDBY) to Hold

Swedbank (OTCMKTS:SWDBY) was downgraded by analysts at Barclays to a “hold” rating in a research note issued to investors on Friday, TipRanks reports.

Several other equities analysts also recently commented on the stock. HSBC raised shares of Swedbank from a “reduce” rating to a “hold” rating in a research note on Friday, April 5th. ValuEngine downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of Swedbank from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “mkt perform” rating on shares of Swedbank in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold”.

Shares of OTCMKTS:SWDBY traded down $0.16 during midday trading on Friday, hitting $14.91. 27,154 shares of the stock traded hands, compared to its average volume of 74,620. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 6.97 and a beta of 0.59. Swedbank has a one year low of $14.05 and a one year high of $25.15.

About Swedbank

Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers deposit and lending products; guarantees; non-life insurance products; brokerage and other securities; real estate brokerage; and asset management, financing, and life insurance and pension services.

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