Swedbank AB (OTCMKTS:SWDBY) Given Consensus Rating of “Reduce” by Analysts

Swedbank AB (OTCMKTS:SWDBY) has earned a consensus rating of “Reduce” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company.

SWDBY has been the subject of several recent research reports. Citigroup restated a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research note on Thursday. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th.

Swedbank Stock Performance

Shares of OTCMKTS:SWDBY traded up SEK 1.28 during midday trading on Thursday, hitting SEK 39.97. 24,130 shares of the stock were exchanged, compared to its average volume of 27,515. The business’s 50-day moving average price is SEK 37.15 and its 200 day moving average price is SEK 36.82. Swedbank has a 12 month low of SEK 26.44 and a 12 month high of SEK 40.58. The stock has a market capitalization of $44.94 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 2.11 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.69%. The business had revenue of SEK 1.93 billion during the quarter. As a group, sell-side analysts expect that Swedbank will post 2.97 EPS for the current year.

Swedbank Company Profile

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.