Swedbank AB (publ) (OTCMKTS:SWDBY) Lowered to “Strong Sell” Rating by Barclays

Barclays cut shares of Swedbank AB (publ) (OTCMKTS:SWDBY) from a hold rating to a strong sell rating in a report issued on Monday morning,Zacks.com reports.

Swedbank AB (publ) Stock Performance

Shares of Swedbank AB (publ) stock opened at SEK 21.90 on Monday. Swedbank AB has a 52 week low of SEK 18.52 and a 52 week high of SEK 22.84. The business’s fifty day simple moving average is SEK 20.41 and its 200-day simple moving average is SEK 20.49. The firm has a market cap of $24.64 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 0.86 and a beta of 0.92. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 4.28.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 17.32% and a net margin of 23.64%. Equities analysts forecast that Swedbank AB will post 2.3 earnings per share for the current year.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.