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

Shares of Swedbank AB (OTCMKTS:SWDBY – Get Free Report) have received an average recommendation of “Reduce” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company.

SWDBY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research report on Wednesday. The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Zacks Research lowered shares of Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th.

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Swedbank Trading Down 1.5%

Shares of SWDBY stock traded down SEK 0.61 on Friday, reaching SEK 40.82. 7,391 shares of the stock were exchanged, compared to its average volume of 27,596. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25. The stock has a market cap of $45.89 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.68. The firm has a 50 day moving average of SEK 39.40 and a two-hundred day moving average of SEK 37.16. Swedbank has a 1-year low of SEK 29.21 and a 1-year high of SEK 41.56.

Swedbank (OTCMKTS:SWDBY – Get Free Report) last issued its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share for the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%.The firm had revenue of SEK 1.93 billion for the quarter. On average, research analysts anticipate that Swedbank will post 2.81 EPS for the current year.

About Swedbank

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Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.

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