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

Key Points

• Analyst consensus is “Reduce”: Of six analysts covering Swedbank, two recommend selling, three advise holding, and one recommends buying. Recent updates included Goldman Sachs upgrading the stock to “hold” and Deutsche Bank reaffirming a “buy” rating.
• Shares fell 1.8% to SEK 38.84 in Monday trading, with volume substantially below the stock’s average. The shares remain within their one-year range of SEK 27.91 to SEK 41.16.
• Swedbank reported quarterly EPS of SEK 0.68 on revenue of SEK 1.93 billion, alongside a 29.45% net margin and 14.84% return on equity. Analysts expect full-year EPS of SEK 2.97.

Shares of Swedbank AB (OTCMKTS:SWDBY - Get Free Report) have been assigned an average recommendation of "Reduce" from the six research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company.

Several analysts have commented on SWDBY shares. The Goldman Sachs Group upgraded Swedbank from a "sell" rating to a "hold" rating in a research note on Monday, July 20th. Citigroup reiterated a "neutral" rating on shares of Swedbank in a research note on Tuesday, July 7th. Morgan Stanley reissued an "underweight" rating on shares of Swedbank in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Swedbank in a research report on Thursday, July 30th.

Swedbank Trading Down 1.8%

Shares of SWDBY stock traded down SEK 0.71 during trading hours on Monday, reaching SEK 38.84. The company's stock had a trading volume of 2,751 shares, compared to its average volume of 28,366. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. Swedbank has a one year low of SEK 27.91 and a one year high of SEK 41.16. The stock has a market capitalization of $43.66 billion, a P/E ratio of 13.16, a P/E/G ratio of 2.16 and a beta of 0.68. The firm's fifty day simple moving average is SEK 38.44 and its 200 day simple moving average is SEK 37.06.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported SEK 0.68 EPS for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. The business had revenue of SEK 1.93 billion during the quarter. Equities research analysts expect that Swedbank will post 2.97 EPS for the current year.

Swedbank Company Profile

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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