Swedbank AB (publ) (OTCMKTS:SWDBY) Downgraded by Citigroup to Hold

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was downgraded by equities research analysts at Citigroup from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday, March 31st,Zacks.com reports.

Separately, Barclays downgraded shares of Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Price Performance

Shares of Swedbank AB (publ) stock traded down SEK 0.49 during trading on Monday, hitting SEK 19.69. 66,400 shares of the company's stock traded hands, compared to its average volume of 24,423. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. The firm's fifty day moving average price is SEK 23.98 and its 200 day moving average price is SEK 21.54. The company has a market cap of $22.16 billion, a PE ratio of 6.72, a PEG ratio of 0.93 and a beta of 0.79. Swedbank AB has a twelve month low of SEK 18.52 and a twelve month high of SEK 26.56.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last issued its earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 EPS for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. Analysts forecast that Swedbank AB will post 2.34 earnings per share for the current year.

Swedbank AB (publ) Company Profile

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.