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Swedbank AB (publ) (OTCMKTS:SWDBY) Sets New 12-Month High - Here's What Happened

Swedbank AB (publ) logo with Finance background

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as SEK 27.14 and last traded at SEK 27.14, with a volume of 17227 shares changing hands. The stock had previously closed at SEK 26.73.

Wall Street Analysts Forecast Growth

SWDBY has been the topic of a number of research reports. Barclays lowered shares of Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. Citigroup lowered shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. Finally, Hsbc Global Res lowered shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th.

Get Our Latest Analysis on Swedbank AB (publ)

Swedbank AB (publ) Price Performance

The company's fifty day moving average is SEK 24.09 and its 200 day moving average is SEK 22.65. The firm has a market cap of $30.54 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.93 and a beta of 0.80. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 3.63.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 EPS for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. The business had revenue of SEK 1.62 billion during the quarter. On average, equities research analysts predict that Swedbank AB will post 2.34 EPS for the current year.

About Swedbank AB (publ)

(Get Free Report)

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.

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