Danske Bank (OTCMKTS:DNKEY) Given Consensus Rating of “Moderate Buy” by Analysts

Danske Bank (OTCMKTS:DNKEY) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

DNKEY has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th.

Danske Bank Trading Down 0.2%

Shares of OTCMKTS:DNKEY opened at $27.76 on Wednesday. The company has a market capitalization of $45.29 billion, a PE ratio of 12.28 and a beta of 0.61. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 7.90. Danske Bank has a 12-month low of $19.72 and a 12-month high of $28.85. The business’s fifty day simple moving average is $26.86 and its 200-day simple moving average is $26.00.

Danske Bank (OTCMKTS:DNKEY) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Danske Bank had a return on equity of 13.66% and a net margin of 40.85%.The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.24 billion. As a group, equities research analysts predict that Danske Bank will post 2.26 earnings per share 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.