Danske Bank (OTCMKTS:DNKEY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Danske Bank (OTCMKTS:DNKEY) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a report on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th. Zacks Research upgraded shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th.

Danske Bank Stock Performance

Shares of Danske Bank stock opened at $29.21 on Thursday. The company has a market capitalization of $47.66 billion, a PE ratio of 12.92 and a beta of 0.62. The company has a 50-day simple moving average of $28.64 and a two-hundred day simple moving average of $26.73. Danske Bank has a one year low of $20.81 and a one year high of $29.65. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.76 and a current ratio of 1.76.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. Research analysts expect that Danske Bank will post 2.31 EPS for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a Danish financial services group that provides banking and related financial products to personal, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment services, cards, investment products, wealth management and corporate finance.

The bank also provides mortgage financing in Denmark through Realkredit Danmark, its mortgage subsidiary. For business and institutional clients, Danske Bank offers transaction banking, cash management, capital markets, investment banking and asset management services.

Founded in 1871 as Den Danske Landmandsbank, the company has developed into one of the largest banks in Denmark, with a broader Nordic focus.