Swedbank (OTCMKTS:SWDBY) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Berenberg Bank cut Swedbank from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Macquarie reiterated an “underperform” rating on shares of Swedbank in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold”.

Shares of Swedbank (OTCMKTS:SWDBY) opened at $24.05 on Friday. The stock has a market capitalization of $27,219.09, a PE ratio of 3.82 and a beta of 0.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 7.44. Swedbank has a fifty-two week low of $22.58 and a fifty-two week high of $27.72.

COPYRIGHT VIOLATION WARNING: “ValuEngine Lowers Swedbank (SWDBY) to Buy” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/01/valuengine-lowers-swedbank-swdby-to-buy.html.

Swedbank Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Swedbank (OTCMKTS:SWDBY)

Receive News & Ratings for Swedbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swedbank and related companies with MarketBeat.com's FREE daily email newsletter.