Swedbank (OTCMKTS:SWDBY) Stock Rating Upgraded by Zacks Research

Swedbank (OTCMKTS:SWDBY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

SWDBY has been the topic of several other reports. The Goldman Sachs Group raised shares of Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Citigroup restated a “neutral” rating on shares of Swedbank in a research note on Monday, October 12th. Deutsche Bank restated a “buy” rating on shares of Swedbank in a research note on Wednesday, September 16th. Finally, Barclays raised Swedbank from a “cautious” rating to an “overweight” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Swedbank Stock Performance

OTCMKTS SWDBY opened at SEK 41.83 on Wednesday. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47. The company’s 50-day simple moving average is SEK 40.49 and its two-hundred day simple moving average is SEK 38.07. Swedbank has a one year low of SEK 29.80 and a one year high of SEK 42.62. The company has a market capitalization of $47.02 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 2.09 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported SEK 0.76 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.73 by SEK 0.03. Swedbank had a net margin of 28.94% and a return on equity of 14.76%. The company had revenue of SEK 1.86 billion during the quarter. Equities analysts forecast that Swedbank will post 2.81 EPS for the current fiscal year.

Swedbank Company Profile

Swedbank is a Swedish banking group serving individuals, businesses and financial institutions. Its services include everyday banking and payments, savings and investment products, mortgages and other lending, and corporate banking. The bank has a long history rooted in Sweden’s savings bank movement, which dates to the early 19th century. Today, its main markets are Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Swedbank is headquartered in Stockholm. Jens Henriksson has served as the group’s president and chief executive officer since 2019.