Swedbank (OTCMKTS:SWDBY) Sets New 1-Year High - Time to Buy?

Key Points

• Swedbank AB reached a new 52-week high, trading at SEK 28.42, reflecting a significant increase compared to its previous close of SEK 27.83.
• UBS Group downgraded Swedbank's rating from "strong-buy" to "hold," which has influenced the overall average rating for the stock to "Hold" as per MarketBeat's data.
• Swedbank recently reported SEK 0.72 earnings per share (EPS) for the last quarter, with expectations of an EPS of 2.34 for the current year.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as SEK 28.42 and last traded at SEK 28.38, with a volume of 20600 shares changing hands. The stock had previously closed at SEK 27.83.

Analysts Set New Price Targets

Separately, UBS Group downgraded Swedbank from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Swedbank Price Performance

The company has a debt-to-equity ratio of 3.89, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $32.36 billion, a PE ratio of 9.92 and a beta of 0.71. The firm has a 50-day simple moving average of SEK 26.60 and a 200-day simple moving average of SEK 25.08.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 earnings per share (EPS) for the quarter. The company had revenue of SEK 1.76 billion for the quarter. Swedbank had a return on equity of 16.12% and a net margin of 25.22%. As a group, equities analysts forecast that Swedbank AB will post 2.34 earnings per share for the current year.

Swedbank 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.