Danske Bank (OTCMKTS:DNKEY) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Danske Bank has received a consensus recommendation of "Buy" from seven brokerages, with ratings varying from hold to strong buy.
• The stock is currently trading at $21.20, with a one-year range between $13.50 and $21.93, indicating recent volatility.
• In its latest quarterly earnings, Danske Bank reported an EPS of $0.50, exceeding analysts' expectations of $0.48.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) has been given an average recommendation of "Buy" by the seven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company.

A number of analysts recently weighed in on DNKEY shares. Morgan Stanley restated an "overweight" rating on shares of Danske Bank in a research report on Tuesday, September 2nd. Barclays upgraded Danske Bank from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Zacks Research downgraded shares of Danske Bank from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th.

Danske Bank Trading Down 2.5%

OTCMKTS:DNKEY opened at $21.20 on Thursday. Danske Bank has a 1 year low of $13.50 and a 1 year high of $21.93. The stock's fifty day moving average price is $20.70 and its two-hundred day moving average price is $19.18. The company has a debt-to-equity ratio of 7.82, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $35.40 billion, a P/E ratio of 10.44 and a beta of 0.77.

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

Danske Bank 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.

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