Danske Bank (OTCMKTS:DNKEY) Stock Price Down 0.1% - What's Next?

Danske Bank (OTCMKTS:DNKEY - Get Free Report) fell 0.1% during mid-day trading on Tuesday . The stock traded as low as $20.44 and last traded at $20.50. 13,420 shares changed hands during trading, a decline of 18% from the average session volume of 16,462 shares. The stock had previously closed at $20.53.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DNKEY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Danske Bank in a research report on Tuesday, May 13th. Barclays raised Danske Bank from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Citigroup reissued a "buy" rating on shares of Danske Bank in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Danske Bank Stock Performance

The stock has a market cap of $34.24 billion, a P/E ratio of 10.15 and a beta of 0.77. The company has a fifty day moving average of $19.52 and a 200 day moving average of $17.18. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.79 and a quick ratio of 1.79.

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