Swedbank AB (OTCMKTS:SWDBY) Receives Average Rating of “Reduce” from Analysts

Swedbank AB (OTCMKTS:SWDBY) has received an average rating of “Reduce” from the seven brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

Several equities analysts have recently commented on the company. Citigroup restated a “neutral” rating on shares of Swedbank in a research report on Tuesday, January 20th. Barclays reissued an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a report on Thursday, February 12th. The Goldman Sachs Group downgraded Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Finally, Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th.

Swedbank Price Performance

Shares of SWDBY stock opened at SEK 34.03 on Wednesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50. Swedbank has a one year low of SEK 19.16 and a one year high of SEK 40.58. The company’s fifty day moving average price is SEK 37.58 and its 200-day moving average price is SEK 34.04. The company has a market capitalization of $38.30 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 4.90 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share for the quarter, topping the consensus estimate of SEK 0.67 by SEK 0.10. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. The company had revenue of SEK 1.84 billion during the quarter, compared to the consensus estimate of SEK 1.79 billion. Sell-side analysts expect that Swedbank will post 2.34 EPS for the current fiscal year.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.