Swedbank (OTCMKTS:SWDBY) Hits New 52-Week High – Still a Buy?

Shares of Swedbank AB (OTCMKTS:SWDBY) hit a new 52-week high during trading on Tuesday . The company traded as high as SEK 39.70 and last traded at SEK 39.70, with a volume of 1306 shares traded. The stock had previously closed at SEK 38.24.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SWDBY shares. Barclays restated an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. The Goldman Sachs Group cut Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Zacks Research lowered Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a report on Monday, November 24th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Swedbank has an average rating of “Reduce”.

Swedbank Price Performance

The firm has a market cap of $44.80 billion, a P/E ratio of 13.78 and a beta of 0.66. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.50 and a current ratio of 1.50. The firm’s fifty day simple moving average is SEK 34.19 and its 200 day simple moving average is SEK 30.86.

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.