Berenberg Bank cut shares of Swedbank AB (OTCMKTS:SWDBY) from a buy rating to a hold rating in a report published on Friday morning.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Swedbank AB from a strong-buy rating to a hold rating in a research note on Tuesday, October 3rd. J P Morgan Chase & Co upgraded Swedbank AB from a neutral rating to an overweight rating in a research note on Tuesday, August 29th. ValuEngine upgraded Swedbank AB from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Finally, Macquarie reiterated an underperform rating on shares of Swedbank AB in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold.

Shares of Swedbank AB (OTCMKTS SWDBY) traded down $0.35 during midday trading on Friday, hitting $24.31. 8,638 shares of the stock were exchanged, compared to its average volume of 18,767. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 7.44. Swedbank AB has a 52 week low of $22.58 and a 52 week high of $27.72. The company has a market capitalization of $27.51 billion, a PE ratio of 3.91 and a beta of 1.08.

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Swedbank AB Company Profile

Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.

Analyst Recommendations for Swedbank AB (OTCMKTS:SWDBY)

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