Danske Bank (OTCMKTS:DNKEY) Reaches New 12-Month High – What’s Next?

Danske Bank (OTCMKTS:DNKEY) hit a new 52-week high on Thursday . The company traded as high as $24.16 and last traded at $24.09, with a volume of 13098 shares trading hands. The stock had previously closed at $23.43.

Wall Street Analyst Weigh In

DNKEY has been the topic of a number of research reports. Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Wednesday. Citigroup reissued a “buy” rating on shares of Danske Bank in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a report on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a report on Monday, November 24th. Finally, Zacks Research cut Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Danske Bank Trading Up 2.8%

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 7.16. The company’s fifty day moving average price is $22.25 and its two-hundred day moving average price is $21.09. The firm has a market cap of $40.23 billion, a PE ratio of 11.93 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. As a group, sell-side analysts forecast that Danske Bank will post 1.84 earnings per share for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.