Swedbank AB (OTCMKTS:SWDBY) Receives Average Rating of “Reduce” from Analysts

Swedbank AB (OTCMKTS:SWDBY) has been assigned an average rating of “Reduce” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company.

A number of analysts have commented on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Thursday, February 12th. Zacks Research lowered shares of Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th.

Swedbank Price Performance

SWDBY opened at SEK 34.90 on Friday. The company has a fifty day moving average price of SEK 36.20 and a two-hundred day moving average price of SEK 34.71. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.50 and a current ratio of 1.51. Swedbank has a 52 week low of SEK 23.10 and a 52 week high of SEK 40.58. The firm has a market capitalization of $39.24 billion, a PE ratio of 11.79, a P/E/G ratio of 4.60 and a beta of 0.72.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.67 by SEK 0.10. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. The firm had revenue of SEK 1.84 billion during the quarter, compared to analyst estimates of SEK 1.79 billion. As a group, analysts anticipate that Swedbank will post 3.05 earnings per share for the current 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.