Danske Bank (OTCMKTS:DNKEY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

DNKEY has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Finally, Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th.

Danske Bank Stock Performance

DNKEY opened at $26.84 on Friday. The firm has a market capitalization of $43.80 billion, a PE ratio of 12.37 and a beta of 0.61. Danske Bank has a 52-week low of $19.68 and a 52-week high of $27.61. The business’s 50-day simple moving average is $25.96 and its 200 day simple moving average is $25.58. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. As a group, sell-side analysts expect that Danske Bank will post 2.26 earnings per share for the current fiscal year.

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.