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Swedbank AB (publ) (OTCMKTS:SWDBY) Lowered to "Hold" Rating by UBS Group

Swedbank AB (publ) logo with Finance background

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was downgraded by stock analysts at UBS Group from a "strong-buy" rating to a "hold" rating in a note issued to investors on Friday,Zacks.com reports.

Other analysts also recently issued reports about the company. Citigroup downgraded Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Hsbc Global Res downgraded Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, Swedbank AB (publ) presently has an average rating of "Hold".

Read Our Latest Stock Analysis on Swedbank AB (publ)

Swedbank AB (publ) Stock Down 1.0%

Shares of OTCMKTS:SWDBY opened at SEK 26.16 on Friday. 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 has a 52-week low of SEK 18.71 and a 52-week high of SEK 27.60. The stock's fifty day simple moving average is SEK 24.37 and its 200-day simple moving average is SEK 22.86. The company has a market capitalization of $29.43 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.93 and a beta of 0.80.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. The business had revenue of SEK 1.62 billion for the quarter. As a group, equities research analysts forecast that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

Swedbank AB (publ) Company Profile

(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.

Further Reading

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