Danske Bank A/S (OTCMKTS:DNKEY) Reaches New 52-Week High - Still a Buy?

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $20.44 and last traded at $19.88, with a volume of 16245 shares changing hands. The stock had previously closed at $19.93.

Analyst Upgrades and Downgrades

DNKEY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Danske Bank A/S in a report on Tuesday, May 13th. Barclays upgraded shares of Danske Bank A/S from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank A/S in a research note on Friday, March 7th. Finally, Citigroup reissued a "buy" rating on shares of Danske Bank A/S in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy".

Danske Bank A/S Trading Up 0.8%

The company has a market capitalization of $33.78 billion, a price-to-earnings ratio of 10.11 and a beta of 0.77. The business has a fifty day moving average price of $17.95 and a 200 day moving average price of $16.42. The company has a debt-to-equity ratio of 7.47, a current ratio of 1.79 and a quick ratio of 1.79.

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $13.86 billion. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. On average, equities analysts expect that Danske Bank A/S will post 1.84 EPS for the current fiscal year.

Danske Bank A/S Company Profile

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.