Swedbank (OTCMKTS:SWDBY) Sees Large Volume Increase – Here’s Why

Swedbank AB (OTCMKTS:SWDBY) shares saw unusually-high trading volume on Wednesday. Approximately 48,345 shares changed hands during trading, an increase of 74% from the previous session’s volume of 27,816 shares. The stock last traded at SEK 39.94 and had previously closed at SEK 40.38.

Analyst Upgrades and Downgrades

SWDBY has been the topic of a number of recent research reports. Barclays upgraded Swedbank from a “cautious” rating to an “overweight” rating in a report on Friday, October 9th. Zacks Research downgraded Swedbank from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Swedbank presently has an average rating of “Hold”.

Swedbank Stock Performance

The firm’s 50-day moving average price is SEK 40.25 and its two-hundred day moving average price is SEK 38. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25. The firm has a market capitalization of $44.79 billion, a PE ratio of 13.51, a P/E/G ratio of 2.91 and a beta of 0.71.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.