DANSKE BANK (OTCMKTS:DNKEY) Downgraded by Zacks Research to Hold

Key Points

• Danske Bank has been downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating, affecting market sentiment towards the stock.
• The stock has an average rating of "Buy," with two analysts recommending "Strong Buy," three suggesting "Buy," and two indicating "Hold."
• Danske Bank reported earnings of $0.50 per share for the last quarter, surpassing expectations, although revenue fell short of analyst estimates, indicating potential concerns about future performance.

Zacks Research cut shares of DANSKE BANK (OTCMKTS:DNKEY - Free Report) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

DNKEY has been the subject of a number of other reports. Citigroup reiterated a "buy" rating on shares of DANSKE BANK in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of DANSKE BANK in a research report on Tuesday, May 13th. Finally, Barclays upgraded DANSKE BANK from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

DANSKE BANK Stock Performance

OTCMKTS:DNKEY traded up $0.1740 during mid-day trading on Tuesday, hitting $21.6140. 8,085 shares of the stock were exchanged, compared to its average volume of 46,698. The firm's 50-day simple moving average is $20.46 and its 200 day simple moving average is $18.54. The stock has a market capitalization of $36.10 billion, a price-to-earnings ratio of 10.65 and a beta of 0.72. DANSKE BANK has a fifty-two week low of $13.5030 and a fifty-two week high of $21.64. The company has a debt-to-equity ratio of 7.82, a quick ratio of 1.80 and a current ratio of 1.80.

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $14.01 billion. DANSKE BANK had a return on equity of 13.40% and a net margin of 41.49%. As a group, equities analysts anticipate that DANSKE BANK will post 1.84 EPS for the current fiscal year.

About DANSKE BANK

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.