UBS Group downgraded shares of Swedbank AB (publ) (OTCMKTS:SWDBY - Free Report) from a strong-buy rating to a hold rating in a research note released on Friday,Zacks.com reports.
Other equities analysts have also recently issued research reports about the stock. Hsbc Global Res cut shares of Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup lowered Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".
Read Our Latest Stock Analysis on SWDBY
Swedbank AB (publ) Trading Down 0.1%
OTCMKTS SWDBY traded down SEK 0.03 on Friday, hitting SEK 26.21. The company's stock had a trading volume of 9,400 shares, compared to its average volume of 27,025. The firm has a market cap of $29.49 billion, a P/E ratio of 8.95, a PEG ratio of 0.93 and a beta of 0.80. Swedbank AB has a 52-week low of SEK 18.71 and a 52-week high of SEK 27.60. The company's 50-day simple moving average is SEK 24.51 and its 200 day simple moving average is SEK 22.99. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63.
Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 EPS for the quarter. The company had revenue of SEK 1.62 billion during the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. Research analysts predict that Swedbank AB will post 2.34 EPS for the current fiscal year.
Swedbank AB (publ) Company Profile
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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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