Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Upgraded at Barclays

Barclays upgraded shares of Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF - Free Report) from a strong sell rating to a strong-buy rating in a research note published on Monday morning, MarketBeat Ratings reports.

Separately, Citigroup reissued a "neutral" rating on shares of Skandinaviska Enskilda Banken AB (publ) in a research report on Wednesday, May 21st.

Skandinaviska Enskilda Banken AB (publ) Stock Performance

Shares of OTCMKTS:SVKEF remained flat at $16.90 during midday trading on Monday. The business has a 50-day moving average price of $15.82 and a two-hundred day moving average price of $15.19. The stock has a market capitalization of $34.43 billion, a P/E ratio of 10.31 and a beta of 0.44. The company has a quick ratio of 1.44, a current ratio of 1.53 and a debt-to-equity ratio of 3.89. Skandinaviska Enskilda Banken AB has a 12-month low of $12.59 and a 12-month high of $17.99.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.02). The business had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $18.93 billion. Skandinaviska Enskilda Banken AB (publ) had a return on equity of 16.21% and a net margin of 19.29%.

About Skandinaviska Enskilda Banken AB (publ)

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions.