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

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Key Points

  • Brokerages have given Danske Bank an average rating of "Moderate Buy" from six analysts, split as four "buy" ratings and two "hold" ratings.
  • In the latest quarter the bank reported EPS of $0.55, beating estimates by $0.01, while revenue of $2.19 billion slightly missed expectations; analysts forecast about 2.32 EPS for the year.
  • Shares trade around $25.75 with a market cap of $43 billion, a P/E of 11.87, and a one‑year trading range of $18.49 to $27.61, with 50‑ and 200‑day moving averages near $25.31 and $24.64.
  • MarketBeat previews the top five stocks to own by June 1st.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a "hold" rating on shares of Danske Bank in a report on Wednesday, April 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of Danske Bank in a report on Thursday, February 12th. Barclays reaffirmed an "overweight" rating on shares of Danske Bank in a report on Thursday, April 9th. Finally, Citigroup reaffirmed a "buy" rating on shares of Danske Bank in a report on Wednesday.

Get Our Latest Stock Analysis on Danske Bank

Danske Bank Price Performance

Shares of DNKEY opened at $25.75 on Friday. The firm has a market capitalization of $43.00 billion, a price-to-earnings ratio of 11.87 and a beta of 0.61. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81. Danske Bank has a one year low of $18.49 and a one year high of $27.61. The stock's fifty day moving average is $25.31 and its 200-day moving average is $24.64.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%. Equities analysts anticipate that Danske Bank will post 2.32 EPS for the current year.

Danske Bank Company Profile

(Get Free Report)

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region's largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank's ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.

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Analyst Recommendations for Danske Bank (OTCMKTS:DNKEY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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