Danske Bank (OTCMKTS:DNKEY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

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

Danske Bank Trading Down 1.6%

Shares of DNKEY opened at $25.36 on Tuesday. Danske Bank has a 52-week low of $19.37 and a 52-week high of $27.61. The business’s fifty day moving average is $25.55 and its 200-day moving average is $25.13. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $41.38 billion, a price-to-earnings ratio of 11.69 and a beta of 0.60.

Danske Bank (OTCMKTS:DNKEY) last issued 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. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%.The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Equities analysts anticipate 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.