Danske Bank (OTCMKTS:DNKEY) Hits New 1-Year High - Here's Why

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of Danske Bank in a research note on Wednesday, May 21st. Barclays raised shares of Danske Bank from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Danske Bank in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".

Danske Bank Trading Up 1.8%

The company has a 50 day moving average of $19.52 and a 200-day moving average of $17.18. The stock has a market cap of $34.87 billion, a price-to-earnings ratio of 10.34 and a beta of 0.77. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.79 and a current ratio of 1.79.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $13.86 billion. Danske Bank had a return on equity of 13.52% and a net margin of 42.15%. On average, research analysts anticipate 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.

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