Swedbank (OTCMKTS:SWDBY) Sets New 52-Week High - Should You Buy?

Key Points

• Swedbank AB (OTCMKTS:SWDBY) achieved a new **52-week high** during trading, reaching SEK 30.84 before closing at SEK 30.65.
• Analysts have rated Swedbank with a mixed outlook, including **three Hold ratings**, two Sell ratings, and an average rating of **"Reduce."**
• The company reported quarterly earnings of SEK 0.72 EPS with a revenue of SEK 1.76 billion, projecting a **2.34 earnings per share** for the current year.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as SEK 30.84 and last traded at SEK 30.65, with a volume of 1178 shares traded. The stock had previously closed at SEK 30.38.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an "underweight" rating on shares of Swedbank in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce".

Swedbank Trading Up 0.8%

The company has a market cap of $34.47 billion, a PE ratio of 10.56 and a beta of 0.70. 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 company has a 50-day moving average of SEK 28.67 and a 200 day moving average of SEK 26.33.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 EPS for the quarter. The company 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 predict that Swedbank AB will post 2.34 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.