Zacks Investment Research Upgrades DNB ASA/S (OTCMKTS:DNHBY) to Hold

Zacks Investment Research upgraded shares of DNB ASA/S (OTCMKTS:DNHBY) from a sell rating to a hold rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “DNB ASA is a commercial bank which provide banking products and services to retail and corporate customers primarily in Norway and internationally. The company offers savings and investment products, loans, investment banking advisory, financing services, insurance products, foreign exchange, cash management, payments and pension services as well as cards, advisory and real estate broking services. DNB ASA is headquartered in Oslo, Norway. “

Separately, ValuEngine cut DNB ASA/S from a hold rating to a sell rating in a research report on Monday.

DNHBY traded up $0.02 during trading on Thursday, reaching $18.92. 96,463 shares of the stock traded hands, compared to its average volume of 118,447. The stock has a market cap of $30.24 billion, a price-to-earnings ratio of 10.68 and a beta of 1.18. DNB ASA/S has a fifty-two week low of $15.60 and a fifty-two week high of $19.93. The company has a debt-to-equity ratio of 4.21, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s 50-day simple moving average is $18.31 and its two-hundred day simple moving average is $17.59.

About DNB ASA/S

DNB ASA provides various banking products and services for retail and corporate customers in Norway and internationally. The company offers savings and investment products, including saving accounts, home savings products, equities, retirement savings, fixed rate deposits, exchange traded products, bonds and commercial papers, and asset management services; and loans, such as home mortgages, car and consumer loans, trade finance, and export financing, as well as overdraft facilities, bank guarantees, and leasing and factoring services.

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