Zacks Research Upgrades Swedbank (OTCMKTS:SWDBY) to “Strong-Buy”

Swedbank (OTCMKTS:SWDBY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. Barclays restated an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Monday, November 24th. Finally, Citigroup reiterated a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Swedbank Price Performance

OTCMKTS SWDBY opened at SEK 39.85 on Tuesday. Swedbank has a twelve month low of SEK 19.16 and a twelve month high of SEK 40.58. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $44.84 billion, a PE ratio of 13.46 and a beta of 0.67. The stock has a 50-day simple moving average of SEK 36.24 and a 200 day simple moving average of SEK 31.96.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion for the quarter, compared to analyst estimates of SEK 1.79 billion. Swedbank had a return on equity of 15.87% and a net margin of 30.27%. Research analysts anticipate that Swedbank will post 2.34 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.