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

Danske Bank (OTCMKTS:DNKEY) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have recently weighed in on DNKEY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research note on Wednesday. Citigroup reissued a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Zacks Research upgraded shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th.

Danske Bank Stock Down 1.3%

Shares of DNKEY opened at $28.51 on Thursday. The company has a market capitalization of $46.52 billion, a P/E ratio of 12.62 and a beta of 0.62. Danske Bank has a one year low of $20.81 and a one year high of $29.65. The business’s 50 day simple moving average is $28.67 and its 200-day simple moving average is $26.76. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.76 and a quick ratio of 1.76.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%. As a group, sell-side analysts predict that Danske Bank will post 2.31 EPS for the current fiscal year.

About Danske Bank

Danske Bank A/S is a Danish financial services group that provides banking and related financial products to personal, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment services, cards, investment products, wealth management and corporate finance.

The bank also provides mortgage financing in Denmark through Realkredit Danmark, its mortgage subsidiary. For business and institutional clients, Danske Bank offers transaction banking, cash management, capital markets, investment banking and asset management services.

Founded in 1871 as Den Danske Landmandsbank, the company has developed into one of the largest banks in Denmark, with a broader Nordic focus.