Skandinaviska (OTCMKTS:SVKEF) Stock Rated “Hold” by Wall Street Analysts

Shares of Skandinaviska (OTCMKTS:SVKEF) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation.

A number of equities research analysts have weighed in on SVKEF shares. Keefe, Bruyette & Woods upgraded Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Citigroup restated a “neutral” rating on shares of Skandinaviska in a report on Friday, October 9th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Skandinaviska in a research report on Monday, July 20th. Finally, Arctic Securiti raised shares of Skandinaviska to a “hold” rating in a research report on Friday, October 23rd.

Skandinaviska Price Performance

OTCMKTS SVKEF remained flat at $22.09 during mid-day trading on Tuesday. 7,793 shares of the company were exchanged, compared to its average volume of 659. The stock has a market cap of $45.00 billion, a PE ratio of 11.97 and a beta of 0.59. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. Skandinaviska has a fifty-two week low of $17.70 and a fifty-two week high of $23.67. The company has a 50 day moving average of $22.91 and a 200 day moving average of $21.17.

Skandinaviska (OTCMKTS:SVKEF) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. Skandinaviska had a return on equity of 15.43% and a net margin of 21.03%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.94 billion.

Skandinaviska Company Profile

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving individuals, businesses, institutions and public-sector organizations. Its services include personal and corporate banking, payments, lending, investment banking, wealth and asset management, and insurance-related offerings. SEB has roots in Stockholms Enskilda Bank, founded in 1856 by André Oscar Wallenberg. The present-day group was formed in 1972 through the merger of Stockholms Enskilda Bank and Skandinaviska Banken.