Swedbank (OTCMKTS:SWDBY) Stock Passes Above 50 Day Moving Average - What's Next?

Key Points

• Swedbank shares crossed above their 50-day moving average, reaching SEK 39.52 before closing at SEK 39.31, compared with a 50-day average of SEK 38.68.
• Analyst sentiment remains cautious: one analyst rates the stock Buy, three rate it Hold, and two rate it Sell, resulting in a consensus rating of “Reduce.”
• Swedbank reported quarterly EPS of SEK 0.68 on revenue of SEK 1.93 billion, with a 14.84% return on equity and a 29.45% net margin; analysts expect full-year EPS of SEK 2.97.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of SEK 38.68 and traded as high as SEK 39.52. Swedbank shares last traded at SEK 39.31, with a volume of 47,300 shares changing hands.

Analysts Set New Price Targets

SWDBY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Swedbank in a research report on Thursday, July 30th. Morgan Stanley reaffirmed an "underweight" rating on shares of Swedbank in a research note on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of Swedbank from a "sell" rating to a "hold" rating in a report on Monday, July 20th. Finally, Citigroup reissued a "neutral" rating on shares of Swedbank in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Swedbank currently has a consensus rating of "Reduce".

Swedbank Stock Performance

The company has a 50-day simple moving average of SEK 38.68 and a two-hundred day simple moving average of SEK 37.04. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $44.19 billion, a P/E ratio of 13.33, a PEG ratio of 2.14 and a beta of 0.68.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last announced its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The firm had revenue of SEK 1.93 billion during the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. As a group, equities analysts forecast that Swedbank AB will post 2.97 EPS for the current year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank's operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank's franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.

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