Danske Bank (OTCMKTS:DNKEY) Shares Up 0.3% - Still a Buy?

Key Points

• Danske Bank's stock rose by 0.3% during mid-day trading, reaching a last traded price of $21.20, despite a significant drop in trading volume compared to average levels.
• The stock has recently received mixed ratings from analysts, with Barclays upgrading it to a "strong-buy" while Zacks Research downgraded it to a "hold," leading to an overall average rating of "Buy."
• In its latest earnings report, Danske Bank exceeded EPS expectations with $0.50, compared to analysts’ estimate of $0.48, while reporting revenue of $2.17 billion, well below the forecast.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) shares shot up 0.3% during mid-day trading on Monday . The company traded as high as $21.24 and last traded at $21.20. 14,271 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 33,354 shares. The stock had previously closed at $21.14.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DNKEY. Barclays upgraded shares of Danske Bank from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Zacks Research lowered shares of Danske Bank from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Morgan Stanley restated an "overweight" rating on shares of Danske Bank in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Danske Bank currently has an average rating of "Buy".

Danske Bank Stock Performance

The firm's fifty day simple moving average is $20.64 and its 200 day simple moving average is $19.15. The company has a market capitalization of $35.40 billion, a price-to-earnings ratio of 10.44 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 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 company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $14.01 billion. On average, sell-side analysts forecast that Danske Bank will post 1.84 EPS for the current 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.

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