Danske Bank (OTCMKTS:DNKEY) Sets New 12-Month High – Here’s What Happened

Danske Bank (OTCMKTS:DNKEY)’s share price reached a new 52-week high on Monday . The stock traded as high as $25.68 and last traded at $25.68, with a volume of 654 shares. The stock had previously closed at $25.28.

Analyst Upgrades and Downgrades

DNKEY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a report on Monday, November 3rd. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Citigroup reissued a “buy” rating on shares of Danske Bank in a report on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Danske Bank Trading Up 1.4%

The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $42.80 billion, a price-to-earnings ratio of 12.69 and a beta of 0.61. The business has a fifty day simple moving average of $24.13 and a 200 day simple moving average of $22.18.

Danske Bank (OTCMKTS:DNKEY) last announced its earnings results on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. As a group, research analysts expect that Danske Bank will post 1.84 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.