Swedbank (OTCMKTS:SWDBY) Reaches New 1-Year High - What's Next?

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) 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. 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 equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Swedbank Trading Up 2.0%

The company has a fifty day simple moving average of SEK 26.47 and a two-hundred day simple moving average of SEK 24.97. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.89. The company has a market cap of $31.94 billion, a PE ratio of 9.79 and a beta of 0.71.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported SEK 0.72 earnings per share (EPS) for the quarter. The business had revenue of SEK 1.76 billion during the quarter. Swedbank had a return on equity of 16.12% and a net margin of 25.22%. Analysts anticipate that Swedbank AB will post 2.34 EPS for the current year.

About Swedbank

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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