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

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

A number of research analysts have commented on DNKEY shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research note on Monday. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Finally, Barclays reiterated an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th.

Danske Bank Price Performance

OTCMKTS:DNKEY opened at $27.20 on Wednesday. Danske Bank has a 52 week low of $19.72 and a 52 week high of $28.85. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 7.90. The company has a market capitalization of $44.38 billion, a P/E ratio of 12.04 and a beta of 0.61. The stock’s fifty day moving average is $26.77 and its two-hundred day moving average is $25.96.

Danske Bank (OTCMKTS:DNKEY) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Danske Bank had a return on equity of 13.66% and a net margin of 40.85%. Equities analysts expect that Danske Bank will post 2.26 EPS for the current 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.