Danske Bank (OTCMKTS:DNKEY) Receives Average Rating of "Buy" from Analysts

Key Points

• Danske Bank has received an average rating of "Buy" from five analysts, with one hold, three buy, and one strong buy recommendation.
• The bank reported $0.50 EPS for the last quarter, surpassing estimates, and analysts predict 1.84 EPS for the current fiscal year.
• Danske Bank's stock opened at $21.42 with a market capitalization of $35.77 billion and a PE ratio of 10.55.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) has earned an average rating of "Buy" from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

DNKEY has been the subject of several research reports. Citigroup reissued a "buy" rating on shares of Danske Bank in a report on Tuesday, October 14th. Zacks Research downgraded shares of Danske Bank from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Danske Bank in a report on Tuesday, September 2nd.

Danske Bank Stock Up 0.5%

DNKEY opened at $21.42 on Monday. The firm has a 50-day simple moving average of $21.05 and a two-hundred day simple moving average of $19.68. Danske Bank has a 52 week low of $13.50 and a 52 week high of $21.93. The company has a market capitalization of $35.77 billion, a PE ratio of 10.55 and a beta of 0.73. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 7.82.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Danske Bank had a net margin of 41.49% and a return on equity of 13.40%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $14.01 billion. Analysts forecast that Danske Bank will post 1.84 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.