Zacks Research Upgrades Danske Bank (OTCMKTS:DNKEY) to Strong-Buy

Danske Bank (OTCMKTS:DNKEY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Thursday, July 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Danske Bank Stock Performance

OTCMKTS:DNKEY opened at $28.60 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. Danske Bank has a 12-month low of $20.16 and a 12-month high of $29.41. The stock has a 50-day moving average price of $27.48 and a 200 day moving average price of $26.31. The stock has a market capitalization of $46.66 billion, a P/E ratio of 12.65 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last issued its earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%.The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.24 billion. Equities research analysts forecast that Danske Bank will post 2.29 EPS for the current fiscal year.

Danske Bank Company Profile

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.