Danske Bank (OTCMKTS:DNKEY) Hits New 1-Year High - Should You Buy?

Danske Bank (OTCMKTS:DNKEY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.88 and last traded at $20.88, with a volume of 7163 shares trading hands. The stock had previously closed at $20.50.

Analyst Upgrades and Downgrades

DNKEY has been the topic of a number of recent research reports. Citigroup reissued a "buy" rating on shares of Danske Bank in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Danske Bank in a report on Tuesday, May 13th. Finally, Barclays raised Danske Bank from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Danske Bank presently has a consensus rating of "Buy".

Danske Bank Stock Performance

The stock's 50 day moving average price is $19.69 and its 200 day moving average price is $17.32. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 8.08. The company has a market capitalization of $34.18 billion, a price-to-earnings ratio of 10.13 and a beta of 0.77.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last issued its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Danske Bank had a net margin of 42.15% and a return on equity of 13.52%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $13.86 billion. Analysts expect that Danske Bank will post 1.84 earnings per share for the current 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.