Swedbank (OTCMKTS:SWDBY) Downgraded by Zacks Research to Hold

Swedbank (OTCMKTS:SWDBY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

SWDBY has been the subject of several other research reports. Barclays reiterated an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, October 14th. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research note on Monday, November 24th. Finally, The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Swedbank Trading Up 0.7%

OTCMKTS:SWDBY opened at SEK 36.05 on Monday. Swedbank has a 12 month low of SEK 19.16 and a 12 month high of SEK 36.11. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.83. The firm’s 50 day moving average is SEK 32.97 and its 200 day moving average is SEK 30.14. The stock has a market capitalization of $40.57 billion, a PE ratio of 12.47 and a beta of 0.66.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share for the quarter, beating the consensus estimate of SEK 0.64 by SEK 0.15. Swedbank had a return on equity of 15.55% and a net margin of 26.30%.The business had revenue of SEK 1.80 billion during the quarter, compared to analyst estimates of SEK 1.73 billion. Sell-side analysts expect that Swedbank will post 2.34 earnings per share for the current year.

Swedbank Company Profile

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.