Danske Bank (OTCMKTS:DNKEY) Downgraded by Barclays to Hold

Barclays downgraded shares of Danske Bank (OTCMKTS:DNKEY) from a strong-buy rating to a hold rating in a research note issued to investors on Friday morning,Zacks reports.

Several other research firms also recently weighed in on DNKEY. Zacks Research downgraded shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a report on Wednesday, September 16th. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 1st. Citigroup reiterated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Danske Bank Trading Down 1.3%

OTCMKTS DNKEY opened at $26.46 on Friday. The stock has a market cap of $43.17 billion, a PE ratio of 11.71 and a beta of 0.63. Danske Bank has a 12 month low of $21.00 and a 12 month high of $29.65. The company’s 50-day moving average price is $28.69 and its 200-day moving average price is $27.12. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. Equities research analysts forecast that Danske Bank will post 2.33 earnings per share for the current year.

About Danske Bank

Danske Bank A/S is a Denmark-based financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banking institutions in the Nordic region and provides services to personal, business, corporate, institutional and public-sector customers.

The bank offers a broad range of financial products, including deposit and lending services, mortgages, payment solutions, cards, investment and wealth management, corporate finance, cash management and other capital-markets services.