Danske Bank (DNKEY) Projected to Post Quarterly Earnings on Friday

Danske Bank (OTCMKTS:DNKEY) is expected to post its results before the market opens on Friday, October 30th. Analysts expect the company to post earnings of $0.55 per share and revenue of $2.19 billion for the quarter.

Danske Bank Stock Up 1.1%

Shares of OTCMKTS DNKEY opened at $26.44 on Thursday. The firm’s 50-day moving average is $28.01 and its two-hundred day moving average is $26.73. The company has a market capitalization of $43.14 billion, a PE ratio of 11.70 and a beta of 0.63. Danske Bank has a 12-month low of $21.71 and a 12-month high of $29.65. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.76 and a quick ratio of 1.76.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DNKEY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Wednesday, September 16th. Barclays downgraded Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research report on Tuesday, September 1st. Finally, Zacks Research downgraded Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Danske Bank currently has an average rating of “Hold”.

About Danske Bank

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.