Danske Bank (OTCMKTS:DNKEY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Danske Bank (OTCMKTS:DNKEY) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have recently weighed in on DNKEY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a report on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Zacks Research raised Danske Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th.

Danske Bank Stock Up 0.1%

DNKEY stock opened at $28.71 on Friday. Danske Bank has a 52 week low of $20.16 and a 52 week high of $29.41. The business has a 50-day simple moving average of $27.88 and a 200 day simple moving average of $26.44. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.09. The company has a market cap of $46.84 billion, a PE ratio of 12.70 and a beta of 0.61.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.24 billion. Sell-side analysts anticipate that Danske Bank will post 2.31 EPS for the current fiscal year.

About Danske Bank

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.