Swedbank AB (OTCMKTS:SWDBY) Receives Average Rating of "Reduce" from Analysts

Key Points

• Swedbank AB has received an average recommendation of "Reduce" from brokerages, with two analysts advising a sell and four recommending a hold.
• Recent downgrades include Morgan Stanley maintaining an "underweight" rating and UBS Group lowering its recommendation from "strong-buy" to "hold."
• The bank reported earnings of SEK 0.72 per share in its latest quarter, with revenues of SEK 1.76 billion and a forecasted EPS of 2.34 for the current fiscal year.

Shares of Swedbank AB (OTCMKTS:SWDBY - Get Free Report) have been assigned a consensus rating of "Reduce" from the six research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company.

A number of research firms recently issued reports on SWDBY. Morgan Stanley reaffirmed an "underweight" rating on shares of Swedbank in a report on Tuesday. UBS Group cut Swedbank from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th.

Swedbank Price Performance

Shares of Swedbank stock traded up SEK 0.11 during trading on Wednesday, reaching SEK 28.30. The company's stock had a trading volume of 9,300 shares, compared to its average volume of 22,959. The stock has a 50-day moving average price of SEK 27.33 and a two-hundred day moving average price of SEK 25.67. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.89. Swedbank has a one year low of SEK 18.71 and a one year high of SEK 29.32. The stock has a market capitalization of $31.85 billion, a P/E ratio of 9.76 and a beta of 0.71.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 earnings per share (EPS) for the quarter. Swedbank had a return on equity of 16.12% and a net margin of 25.22%.The business had revenue of SEK 1.76 billion during the quarter. As a group, sell-side analysts anticipate that Swedbank will post 2.34 EPS for the current fiscal year.

About Swedbank

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.