Danske Bank (OTCMKTS:DNKEY) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Danske Bank has received an average rating of "Buy" from six analysts, with varying levels of recommendations including one hold, three buy, and two strong buy ratings.
• The stock opened at $20.06 and has a market capitalization of $33.50 billion, with a notable price-to-earnings ratio of 9.88.
• In its latest earnings report, Danske Bank exceeded expectations with earnings per share of $0.50, surpassing the consensus estimate of $0.48.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) have received a consensus rating of "Buy" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Danske Bank in a report on Tuesday, May 13th. Barclays upgraded Danske Bank from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of Danske Bank in a report on Wednesday, May 21st.

Danske Bank Stock Up 0.3%

Shares of DNKEY traded up $0.06 during trading hours on Wednesday, hitting $20.50. The company had a trading volume of 83,633 shares, compared to its average volume of 39,256. The company's fifty day moving average price is $20.13 and its two-hundred day moving average price is $18.01. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 7.82. Danske Bank has a one year low of $13.50 and a one year high of $21.04. The company has a market capitalization of $34.23 billion, a PE ratio of 10.10 and a beta of 0.72.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $14.01 billion. As a group, equities 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.