Danske Bank (OTCMKTS:DNKEY) Given Consensus Rating of "Buy" by Analysts

Key Points

• Danske Bank (OTCMKTS:DNKEY) has received a consensus recommendation of "Buy" from seven research firms, including notable ratings of strong buy and buy from several analysts.
• Barclays significantly upgraded Danske Bank shares from "strong sell" to "strong buy" in a recent research note, indicating growing confidence in the stock.
• The company reported $0.50 EPS in its last quarter, exceeding expectations and reflecting a strong net margin of 41.49%.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) has received a consensus recommendation of "Buy" from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company.

Several analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank in a research report on Tuesday. Barclays upgraded 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. Zacks Research lowered Danske Bank from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Danske Bank in a research note on Tuesday, May 13th.

Danske Bank Stock Performance

Danske Bank stock traded up $0.05 during trading hours on Friday, hitting $20.26. The company had a trading volume of 34,362 shares, compared to its average volume of 39,229. The firm has a 50-day moving average of $20.58 and a 200 day moving average of $18.76. Danske Bank has a one year low of $13.50 and a one year high of $21.91. The firm has a market cap of $33.83 billion, a PE ratio of 9.98 and a beta of 0.77. The company has a debt-to-equity ratio of 7.82, a current ratio of 1.80 and a quick ratio of 1.80.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last announced its earnings results on Friday, July 18th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Danske Bank had a net margin of 41.49% and a return on equity of 13.40%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $14.01 billion. On average, sell-side analysts expect that Danske Bank will post 1.84 earnings per share 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.