Swedbank (SWDBY) Lowered to “Hold” at Barclays

Swedbank (OTCMKTS:SWDBY) was downgraded by analysts at Barclays to a “hold” rating in a note issued to investors on Friday, TipRanks reports.

A number of other analysts have also commented on the company. ValuEngine raised Swedbank from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. HSBC raised Swedbank from a “reduce” rating to a “hold” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods reaffirmed a “mkt perform” rating on shares of Swedbank in a research note on Wednesday, February 27th. Finally, Zacks Investment Research raised Swedbank from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold”.

SWDBY stock traded down $0.16 on Friday, reaching $14.91. The company’s stock had a trading volume of 27,154 shares, compared to its average volume of 74,620. Swedbank has a 12-month low of $14.05 and a 12-month high of $25.15. The firm has a market capitalization of $16.62 billion, a price-to-earnings ratio of 6.97 and a beta of 0.59.

About Swedbank

Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers deposit and lending products; guarantees; non-life insurance products; brokerage and other securities; real estate brokerage; and asset management, financing, and life insurance and pension services.

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