Swedbank AB (SWDBY) Receives Average Recommendation of “Hold” from Brokerages
Swedbank AB (OTCMKTS:SWDBY) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company.
SWDBY has been the subject of a number of analyst reports. J P Morgan Chase & Co upgraded Swedbank from a “neutral” rating to an “overweight” rating in a research report on Tuesday, August 29th. Zacks Investment Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Macquarie restated an “underperform” rating on shares of Swedbank in a research report on Friday, October 13th. Finally, Berenberg Bank cut Swedbank from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd.
Swedbank (SWDBY) opened at $23.65 on Monday. Swedbank has a 1-year low of $22.58 and a 1-year high of $27.72. The company has a debt-to-equity ratio of 7.44, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $26,771.94, a PE ratio of 3.75 and a beta of 0.94.
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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