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

Shares of Swedbank AB (OTCMKTS:SWDBY) have received a consensus recommendation of “Reduce” from the six research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company.

SWDBY has been the topic of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research note on Thursday, May 7th. Zacks Research lowered shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research note on Tuesday, May 12th.

Swedbank Stock Performance

Shares of SWDBY stock opened at SEK 36.04 on Thursday. The stock has a market cap of $40.52 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.83 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 3.42. Swedbank has a fifty-two week low of SEK 24.87 and a fifty-two week high of SEK 40.58. The firm’s 50 day moving average price is SEK 35.22 and its two-hundred day moving average price is SEK 35.23.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share for the quarter. The firm had revenue of SEK 1.87 billion for the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. On average, analysts anticipate that Swedbank will post 3.11 EPS for the current year.

About Swedbank

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.