Swedbank AB (OTCMKTS:SWDBY) Receives Consensus Recommendation of “Reduce” from Analysts

Swedbank AB (OTCMKTS:SWDBY) has received a consensus rating of “Reduce” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

SWDBY has been the subject of a number of research reports. Citigroup reissued a “neutral” rating on shares of Swedbank in a report on Thursday, May 7th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Tuesday, May 12th. Finally, Zacks Research downgraded shares of Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th.

Swedbank Price Performance

Shares of Swedbank stock opened at SEK 35.08 on Thursday. 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 fifty-two week low of SEK 24.87 and a fifty-two week high of SEK 40.58. The firm has a fifty day moving average price of SEK 35.27 and a two-hundred day moving average price of SEK 35.17. The company has a market cap of $39.44 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.79 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share for the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. The firm had revenue of SEK 1.87 billion during the quarter. Analysts expect that Swedbank will post 3.11 EPS 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.