Danske Bank (OTCMKTS:DNKEY) Receives Average Rating of “Moderate Buy” from Analysts

Danske Bank (OTCMKTS:DNKEY) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several analysts recently issued reports on DNKEY shares. Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Wednesday, May 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th.

Danske Bank Stock Performance

Shares of OTCMKTS:DNKEY opened at $27.40 on Friday. The stock’s 50-day simple moving average is $26.02 and its two-hundred day simple moving average is $25.61. The stock has a market capitalization of $44.71 billion, a price-to-earnings ratio of 12.63 and a beta of 0.61. Danske Bank has a 52-week low of $19.68 and a 52-week high of $27.61. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Analysts expect that Danske Bank will post 2.26 EPS for the current year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.