Danske Bank A/S (OTCMKTS:DNKEY) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several brokerages have weighed in on DNKEY. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Danske Bank A/S in a research note on Tuesday, May 13th. Morgan Stanley reissued 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 note on Wednesday, May 21st.

Danske Bank A/S Stock Down 0.2%

Shares of OTCMKTS:DNKEY traded down $0.04 during trading on Friday, reaching $19.32. 20,622 shares of the company traded hands, compared to its average volume of 45,034. The firm has a fifty day simple moving average of $17.31 and a 200 day simple moving average of $16.04. The firm has a market cap of $32.27 billion, a P/E ratio of 9.66 and a beta of 0.77. Danske Bank A/S has a 1-year low of $13.50 and a 1-year high of $19.80. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 7.47.

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

Danske Bank A/S Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th were paid a $0.7642 dividend. This is a positive change from Danske Bank A/S's previous dividend of $0.46. The ex-dividend date was Monday, March 24th. Danske Bank A/S's payout ratio is presently 74.75%.

About Danske Bank A/S

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.