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

Key Points

• Swedbank's shares reached a new 52-week high of SEK 30.05 during trading, with the last trading price at SEK 29.89.
• Analysts have issued mixed ratings on Swedbank, with UBS downgrading to a "hold" and Morgan Stanley maintaining an "underweight" rating, resulting in an average rating of "Reduce."
• Swedbank reported quarterly earnings of SEK 0.72 EPS with a net margin of 25.22% and a return on equity of 16.12%, with forecasts suggesting a full-year EPS of 2.34.

Shares of Swedbank AB (OTCMKTS:SWDBY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as SEK 30.05 and last traded at SEK 29.89, with a volume of 11300 shares trading hands. The stock had previously closed at SEK 29.62.

Analysts Set New Price Targets

A number of research firms have commented on SWDBY. UBS Group downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Morgan Stanley reiterated an "underweight" rating on shares of Swedbank in a report on Tuesday, September 2nd. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce".

Swedbank Price Performance

The stock's fifty day moving average price is SEK 28.06 and its 200-day moving average price is SEK 26.11. The firm has a market cap of $33.64 billion, a price-to-earnings ratio of 10.31 and a beta of 0.71. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.89.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last announced its quarterly earnings results 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 net margin of 25.22% and a return on equity of 16.12%. As a group, equities research analysts forecast that Swedbank AB will post 2.34 earnings per share for the current fiscal 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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