Danske Bank (OTCMKTS:DNKEY) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Danske Bank has a consensus “Hold” rating from seven brokerages: four analysts recommend holding the shares, while three rate them a buy. Barclays recently downgraded the stock from “strong buy” to “hold,” while Morgan Stanley, Citigroup and Deutsche Bank maintained positive ratings.
• Shares opened at $26.66, up 0.8%, with a $43.50 billion market capitalization and a price range of $21.73 to $29.65 over the past year.
• Danske Bank reported quarterly earnings of $0.61 per share, exceeding analysts’ $0.55 estimate, while revenue of $2.19 billion matched expectations. Analysts expect full-year earnings of $2.28 per share.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) have received a consensus rating of "Hold" from the seven brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several equities analysts recently weighed in on DNKEY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Danske Bank in a research report on Tuesday, September 1st. Barclays downgraded Danske Bank from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. The Goldman Sachs Group restated 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 research note on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Danske Bank in a report on Wednesday, September 16th.

Danske Bank Trading Up 0.8%

Shares of OTCMKTS DNKEY opened at $26.66 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. The firm has a market capitalization of $43.50 billion, a PE ratio of 11.80 and a beta of 0.63. The business has a 50-day moving average price of $27.97 and a two-hundred day moving average price of $26.74. Danske Bank has a one year low of $21.73 and a one year high of $29.65.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. As a group, analysts predict that Danske Bank will post 2.28 earnings per share for the current fiscal year.

Danske Bank Company Profile

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company's services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.

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