DANSKE BANK (OTCMKTS:DNKEY) Sees Large Volume Increase - Should You Buy?

Key Points

• The trading volume for DANSKE BANK shares surged by 404%, with approximately 200,933 shares changing hands, compared to the previous session's volume of 39,863 shares.
• Analysts have mixed ratings on DANSKE BANK, with Zacks lowering their rating from "strong-buy" to "hold" while Barclays upgraded it to "strong-buy", resulting in a consensus rating of "buy".
• In its latest quarterly earnings report, DANSKE BANK reported $0.50 earnings per share, exceeding estimates and realizing a revenue of $2.17 billion against a forecast of $14.01 billion.

DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 200,933 shares changed hands during mid-day trading, an increase of 404% from the previous session's volume of 39,863 shares.The stock last traded at $20.42 and had previously closed at $20.47.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DNKEY shares. Zacks Research lowered shares of DANSKE BANK from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Barclays upgraded DANSKE BANK from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of DANSKE BANK in a report on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating on shares of DANSKE BANK in a research note on Wednesday, May 21st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of DANSKE BANK in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

DANSKE BANK Stock Performance

The company has a fifty day moving average price of $20.58 and a two-hundred day moving average price of $18.88. The firm has a market cap of $34.21 billion, a price-to-earnings ratio of 10.09 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 posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $14.01 billion. DANSKE BANK had a return on equity of 13.40% and a net margin of 41.49%. As a group, equities research analysts expect 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.

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