Swedbank AB (SWDBY) Given Consensus Rating of “Hold” by Analysts
Swedbank AB (OTCMKTS:SWDBY) has earned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company.
SWDBY has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Swedbank AB from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 27th. J P Morgan Chase & Co reaffirmed an “underweight” rating on shares of Swedbank AB in a research note on Wednesday, February 22nd. Finally, Jennings Capital cut shares of Swedbank AB from a “buy” rating to a “hold” rating in a research note on Friday, February 24th.
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Swedbank AB (OTCMKTS SWDBY) opened at 24.31 on Monday. The stock has a market capitalization of $27.06 billion, a P/E ratio of 11.65 and a beta of 1.04. Swedbank AB has a 12-month low of $19.08 and a 12-month high of $26.09. The firm’s 50-day moving average is $23.99 and its 200 day moving average is $24.24.
About Swedbank AB
Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.
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