Danske Bank (OTCMKTS:DNKEY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of equities analysts recently issued reports on DNKEY shares. Zacks Research cut shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Tuesday, September 1st. Citigroup reiterated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Wednesday, September 16th.

Danske Bank Price Performance

Shares of DNKEY stock opened at $26.91 on Monday. The business has a fifty day simple moving average of $28.78 and a 200 day simple moving average of $27.10. The company has a market cap of $43.91 billion, a P/E ratio of 11.91 and a beta of 0.63. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.09. Danske Bank has a twelve month low of $20.85 and a twelve month high of $29.65.

Danske Bank (OTCMKTS:DNKEY) last issued its earnings results on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%. On average, sell-side analysts forecast that Danske Bank will post 2.33 EPS for the current fiscal year.

About Danske Bank

Danske Bank A/S is a Denmark-based financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banking institutions in the Nordic region and provides services to personal, business, corporate, institutional and public-sector customers.

The bank offers a broad range of financial products, including deposit and lending services, mortgages, payment solutions, cards, investment and wealth management, corporate finance, cash management and other capital-markets services.