Skandinaviska (OTCMKTS:SVKEF) Upgraded at Keefe, Bruyette & Woods

Skandinaviska (OTCMKTS:SVKEF) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “moderate sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Other equities analysts have also issued reports about the stock. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research report on Friday, October 9th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Six research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold”.

Skandinaviska Stock Performance

Shares of SVKEF opened at $23.25 on Tuesday. The stock’s 50-day simple moving average is $22.80 and its 200 day simple moving average is $20.91. The stock has a market capitalization of $47.36 billion, a price-to-earnings ratio of 12.57 and a beta of 0.62. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. Skandinaviska has a 52-week low of $17.70 and a 52-week high of $23.67.

Skandinaviska (OTCMKTS:SVKEF) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.97 billion.

About Skandinaviska

Skandinaviska Enskilda Banken AB (SEB) is a Swedish financial services group that provides banking and financial solutions to companies, institutions, and private customers. Its principal activities include corporate and investment banking, commercial banking, retail banking, wealth management, asset management, and private banking.

SEB offers services such as lending, deposits, payments, cash management, trade finance, investment banking, securities services, insurance-related products, and investment products.