Swedbank AB (OTCMKTS:SWDBY) Given Average Recommendation of “Reduce” by Brokerages

Swedbank AB (OTCMKTS:SWDBY) has received a consensus rating of “Reduce” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

SWDBY has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Monday, November 24th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Zacks Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Barclays reaffirmed an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th.

Swedbank Trading Down 3.5%

Shares of Swedbank stock opened at SEK 38.88 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.83. The stock has a fifty day simple moving average of SEK 35.64 and a 200 day simple moving average of SEK 31.56. Swedbank has a 12-month low of SEK 19.16 and a 12-month high of SEK 40.58. The company has a market capitalization of $43.75 billion, a P/E ratio of 13.14 and a beta of 0.67.

Swedbank (OTCMKTS:SWDBY) last posted its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion during the quarter, compared to analyst estimates of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.87%. On average, sell-side analysts anticipate that Swedbank will post 2.34 earnings per share for the current fiscal year.

About Swedbank

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.