Danske Bank (OTCMKTS:DNKEY) Rating Increased to Strong-Buy at Zacks Research

Danske Bank (OTCMKTS:DNKEY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research note on Thursday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Danske Bank Trading Down 0.5%

OTCMKTS:DNKEY opened at $28.60 on Tuesday. The company has a market capitalization of $46.66 billion, a P/E ratio of 12.65 and a beta of 0.61. The stock’s 50 day moving average price is $27.48 and its 200 day moving average price is $26.31. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.76 and a current ratio of 1.76. Danske Bank has a 52 week low of $20.16 and a 52 week high of $29.41.

Danske Bank (OTCMKTS:DNKEY) last posted 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. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, research analysts forecast that Danske Bank will post 2.29 EPS for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.