Swedbank AB (OTCMKTS:SWDBY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Swedbank AB (OTCMKTS:SWDBY – Get Free Report) have been assigned a consensus rating of “Reduce” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company.

Several equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Thursday, May 7th. Finally, Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th.

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Swedbank Price Performance

SWDBY opened at SEK 34.40 on Thursday. 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 24.87 and a 52-week high of SEK 40.58. The stock has a market capitalization of $38.67 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 4.58 and a beta of 0.69. The stock’s 50 day moving average price is SEK 35.39 and its 200-day moving average price is SEK 35.09.

Swedbank (OTCMKTS:SWDBY – Get Free Report) last posted its earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share (EPS) for the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%.The firm had revenue of SEK 1.87 billion for the quarter. On average, equities research analysts predict that Swedbank will post 3.05 EPS for the current year.

Swedbank Company Profile

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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.

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