Swedbank (OTCMKTS:SWDBY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Swedbank (OTCMKTS:SWDBY) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Monday, November 24th. Barclays restated an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group cut shares of Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Swedbank has an average rating of “Reduce”.

Swedbank Stock Up 0.0%

Shares of Swedbank stock opened at SEK 39.85 on Tuesday. The stock’s fifty day moving average is SEK 36.24 and its 200-day moving average is SEK 31.96. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.83. The firm has a market capitalization of $44.84 billion, a PE ratio of 13.46 and a beta of 0.67. Swedbank has a 12-month low of SEK 19.16 and a 12-month high of SEK 40.58.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS 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 15.87%. The company had revenue of SEK 1.84 billion during the quarter, compared to analysts’ expectations of SEK 1.79 billion. Equities analysts anticipate that Swedbank will post 2.34 earnings per share for the current year.

About Swedbank

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.