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

Shares of Danske Bank (OTCMKTS:DNKEY) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a research note on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. Zacks Research upgraded shares of Danske Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th.

Danske Bank Stock Up 0.5%

OTCMKTS DNKEY opened at $28.84 on Friday. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a 50-day simple moving average of $27.93 and a 200 day simple moving average of $26.46. Danske Bank has a twelve month low of $20.16 and a twelve month high of $29.41. The stock has a market cap of $47.06 billion, a PE ratio of 12.76 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last issued its earnings results on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.24 billion. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%. On average, research analysts forecast that Danske Bank will post 2.31 EPS for the current year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.