Skandinaviska (OTCMKTS:SVKEF) Upgraded at Keefe, Bruyette & Woods

Skandinaviska (OTCMKTS:SVKEF) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “moderate sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

SVKEF has been the subject of several other research reports. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research note on Friday, October 9th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Skandinaviska in a research report on Monday, July 20th. Six equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Skandinaviska has a consensus rating of “Hold”.

Skandinaviska Price Performance

Shares of OTCMKTS:SVKEF opened at $23.25 on Tuesday. Skandinaviska has a 52-week low of $17.70 and a 52-week high of $23.67. The firm has a fifty day moving average of $22.80 and a 200 day moving average of $20.91. The firm has a market capitalization of $47.36 billion, a PE ratio of 12.57 and a beta of 0.62. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42.

Skandinaviska (OTCMKTS:SVKEF) last released its earnings results on Wednesday, July 15th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.97 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB (SEB) is a Swedish financial services group that provides banking and financial solutions to companies, institutions, and private customers. Its principal activities include corporate and investment banking, commercial banking, retail banking, wealth management, asset management, and private banking.

SEB offers services such as lending, deposits, payments, cash management, trade finance, investment banking, securities services, insurance-related products, and investment products.