ValuEngine Lowers Swedbank (SWDBY) to Buy
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.
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.
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