Swedbank AB (SWDBY) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Swedbank AB (OTCMKTS:SWDBY) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.
Several brokerages have recently issued reports on SWDBY. ValuEngine raised shares of Swedbank AB from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded shares of Swedbank AB from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 27th.
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Swedbank AB (OTCMKTS:SWDBY) opened at 26.06 on Tuesday. The stock has a market cap of $29.02 billion, a P/E ratio of 12.72 and a beta of 1.00. The firm’s 50-day moving average is $24.91 and its 200-day moving average is $24.50. Swedbank AB has a 12 month low of $20.86 and a 12 month high of $26.15.
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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