Danske Bank A/S (OTCMKTS:DNKEY) Hits New 1-Year High – Should You Buy?

Danske Bank A/S (OTCMKTS:DNKEY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $20.49 and last traded at $20.48, with a volume of 11480 shares. The stock had previously closed at $19.83.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Danske Bank A/S in a research report on Wednesday, May 21st. Barclays raised shares of Danske Bank A/S from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank A/S in a research report on Tuesday, May 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank A/S in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Danske Bank A/S Price Performance

The stock has a market capitalization of $34.20 billion, a PE ratio of 10.24 and a beta of 0.77. The company has a debt-to-equity ratio of 7.47, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s 50 day moving average is $18.18 and its two-hundred day moving average is $16.54.

Danske Bank A/S (OTCMKTS:DNKEY) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). Danske Bank A/S had a net margin of 41.90% and a return on equity of 13.35%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $13.86 billion. As a group, sell-side analysts forecast that Danske Bank A/S will post 1.84 earnings per share for the current fiscal year.

Danske Bank A/S Company Profile

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.