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

Key Points

• Danske Bank has a consensus “Moderate Buy” rating from seven analysts: four recommend buying, one rates it a strong buy, and two recommend holding.
• The bank reported quarterly EPS of $0.59, exceeding the $0.56 consensus estimate, while revenue of $2.32 billion also topped expectations of $2.24 billion.
• DNKEY shares opened at $29.02, near their 52-week high of $29.41, with a market capitalization of approximately $47.34 billion.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities analysts have recently issued reports on DNKEY shares. The Goldman Sachs Group reissued a "neutral" rating on shares of Danske Bank in a report on Monday, July 20th. Zacks Research upgraded Danske Bank from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Danske Bank in a report on Thursday, July 30th. Finally, Citigroup restated a "buy" rating on shares of Danske Bank in a research report on Monday, July 6th.

Danske Bank Trading Up 1.1%

OTCMKTS DNKEY opened at $29.02 on Friday. The company has a market capitalization of $47.34 billion, a PE ratio of 12.84 and a beta of 0.61. The company has a fifty day moving average of $27.62 and a 200 day moving average of $26.35. Danske Bank has a 1 year low of $20.16 and a 1 year high of $29.41. The company has a debt-to-equity ratio of 8.09, a current ratio of 1.76 and a quick ratio of 1.76.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%. Research analysts forecast that Danske Bank will post 2.29 earnings per share for the current year.

Danske Bank Company Profile

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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