Danske Bank (OTCMKTS:DNKEY) Receives Average Rating of “Buy” from Analysts

Danske Bank (OTCMKTS:DNKEY) has earned an average rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several research firms recently commented on DNKEY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 2nd. Zacks Research cut Danske Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Citigroup reissued a “buy” rating on shares of Danske Bank in a research note on Tuesday, October 14th.

Danske Bank Price Performance

DNKEY opened at $23.01 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 7.82. The company’s 50-day moving average price is $21.58 and its 200 day moving average price is $20.58. Danske Bank has a fifty-two week low of $13.50 and a fifty-two week high of $23.69. The firm has a market cap of $38.43 billion, a price-to-earnings ratio of 11.39 and a beta of 0.72.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Danske Bank had a return on equity of 13.34% and a net margin of 40.42%. As a group, sell-side analysts expect that Danske Bank will post 1.84 earnings per share for the current year.

About Danske Bank

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.