Swedbank AB (OTCMKTS:SWDBY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Swedbank AB (OTCMKTS:SWDBY) have earned an average rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company.

A number of equities research analysts recently issued reports on the company. Citigroup restated a “neutral” rating on shares of Swedbank in a research note on Tuesday, July 7th. The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Zacks Research downgraded Swedbank from a “hold” rating to a “strong sell” rating in a research report on Friday, September 11th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th.

Swedbank Price Performance

Shares of OTCMKTS SWDBY opened at SEK 41.24 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The stock has a fifty day simple moving average of SEK 39.75 and a two-hundred day simple moving average of SEK 37.33. Swedbank has a 1-year low of SEK 29.21 and a 1-year high of SEK 42.36. The firm has a market cap of $46.36 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 3.20 and a beta of 0.68.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The firm had revenue of SEK 1.93 billion for the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. Analysts anticipate that Swedbank will post 2.81 earnings per share for the current year.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.