Swedbank AB (OTCMKTS:SWDBY) Given Average Rating of “Reduce” by Analysts

Swedbank AB (OTCMKTS:SWDBYGet Free Report) has been assigned an average rating of “Reduce” from the six research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

Several equities research analysts have recently commented on SWDBY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Swedbank in a research report on Thursday, July 30th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th.

Get Our Latest Stock Report on SWDBY

Swedbank Price Performance

Shares of Swedbank stock opened at SEK 39.19 on Monday. The business has a 50 day moving average of SEK 38.64 and a 200 day moving average of SEK 37.04. Swedbank has a 52 week low of SEK 28.05 and a 52 week high of SEK 41.16. The company has a market cap of $44.06 billion, a PE ratio of 13.28, a P/E/G ratio of 2.14 and a beta of 0.68. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25.

Swedbank (OTCMKTS:SWDBYGet Free Report) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share for the quarter. The business had revenue of SEK 1.93 billion for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. As a group, equities research analysts forecast that Swedbank will post 2.97 earnings per share for the current year.

Swedbank Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Swedbank (OTCMKTS:SWDBY)

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