Barclays Upgrades Danske Bank A/S (OTCMKTS:DNKEY) to "Strong-Buy"

Barclays upgraded shares of Danske Bank A/S (OTCMKTS:DNKEY - Free Report) from a strong sell rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank A/S in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Danske Bank A/S in a research note on Tuesday, May 13th. Finally, Citigroup reiterated a "buy" rating on shares of Danske Bank A/S in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Danske Bank A/S Stock Up 0.6%

Shares of DNKEY traded up $0.12 on Monday, reaching $19.71. The stock had a trading volume of 23,069 shares, compared to its average volume of 44,004. The firm has a market capitalization of $32.92 billion, a price-to-earnings ratio of 9.86 and a beta of 0.77. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79. The company has a 50-day simple moving average of $17.51 and a 200-day simple moving average of $16.21. Danske Bank A/S has a 12-month low of $13.50 and a 12-month high of $20.04.

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) last released its earnings results 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 analysts' expectations of $13.86 billion. Danske Bank A/S had a net margin of 41.90% and a return on equity of 13.35%. Sell-side analysts predict that Danske Bank A/S will post 1.84 EPS for the current year.

Danske Bank A/S Increases Dividend

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

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.