Danske Bank (OTCMKTS:DNKEY) Stock Now Rated “Hold” by Wall Street Brokerages

Danske Bank (OTCMKTS:DNKEY) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of brokerages have recently commented on DNKEY. Citigroup reissued a “buy” rating on shares of Danske Bank in a research report on Monday, October 12th. Zacks Research cut shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a report on Wednesday, September 16th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research report on Tuesday, September 1st.

Danske Bank Price Performance

Shares of DNKEY opened at $26.73 on Friday. Danske Bank has a fifty-two week low of $21.91 and a fifty-two week high of $29.65. The firm’s 50 day moving average price is $27.70 and its 200 day moving average price is $26.77. The company has a market cap of $43.61 billion, a P/E ratio of 11.45 and a beta of 0.67. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.09.

Danske Bank (OTCMKTS:DNKEY) last released its earnings results on Thursday, October 29th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. Danske Bank had a net margin of 41.60% and a return on equity of 14.40%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. On average, research analysts forecast that Danske Bank will post 2.28 earnings per share for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.