Danske Bank (OTCMKTS:DNKEY) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company.

A number of analysts recently weighed in on DNKEY shares. Barclays raised shares of Danske Bank from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Citigroup reiterated a "buy" rating on shares of Danske Bank in a research note on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Danske Bank in a research report on Tuesday, May 13th.

Danske Bank Price Performance

DNKEY traded down $0.51 on Friday, hitting $19.96. 27,384 shares of the company's stock traded hands, compared to its average volume of 39,428. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 8.08. Danske Bank has a one year low of $13.50 and a one year high of $21.04. The company's 50 day simple moving average is $19.73 and its 200-day simple moving average is $17.38. The firm has a market cap of $33.33 billion, a price-to-earnings ratio of 9.88 and a beta of 0.77.

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

Danske Bank Company Profile

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.