Danske Bank (OTCMKTS:DNKEY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Danske Bank has a “Moderate Buy” consensus rating from seven analysts: four recommend buying, one strongly recommends buying, and two advise holding.
• Recent analyst actions were mostly positive, including upgrades from Zacks Research and reiterated buy or overweight ratings from Deutsche Bank, Morgan Stanley, and Citigroup.
• The bank exceeded quarterly expectations, reporting $0.59 in earnings per share versus the $0.56 consensus and $2.32 billion in revenue versus estimates of $2.24 billion.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company.

DNKEY has been the subject of a number of recent research reports. Zacks Research upgraded Danske Bank from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Danske Bank in a research report on Thursday, July 30th. The Goldman Sachs Group restated a "neutral" rating on shares of Danske Bank in a research report on Monday, July 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of Danske Bank in a research note on Tuesday, September 1st. Finally, Citigroup reissued a "buy" rating on shares of Danske Bank in a research report on Monday, July 6th.

Danske Bank Stock Down 0.9%

Shares of DNKEY opened at $29.01 on Thursday. 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 $20.59 and a 52 week high of $29.48. The stock has a market capitalization of $47.33 billion, a price-to-earnings ratio of 12.84 and a beta of 0.62. The stock has a fifty day moving average of $28.54 and a 200-day moving average of $26.68.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last posted its earnings results 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. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. As a group, sell-side analysts anticipate that Danske Bank will post 2.31 earnings per share for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a Danish financial services group that provides banking and related financial products to personal, business and institutional customers. Its offerings include deposit accounts, consumer and commercial lending, payment services, cards, investment products, wealth management and corporate finance.

The bank also provides mortgage financing in Denmark through Realkredit Danmark, its mortgage subsidiary. For business and institutional clients, Danske Bank offers transaction banking, cash management, capital markets, investment banking and asset management services.

Founded in 1871 as Den Danske Landmandsbank, the company has developed into one of the largest banks in Denmark, with a broader Nordic focus.

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