Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Rating Lowered by UBS Group

UBS Group cut shares of Swedbank AB (publ) (OTCMKTS:SWDBYFree Report) from a strong-buy rating to a hold rating in a research report sent to investors on Friday,Zacks.com reports.

A number of other research firms also recently issued reports on SWDBY. Citigroup downgraded shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 31st. Hsbc Global Res downgraded shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Swedbank AB (publ) has an average rating of “Hold”.

Read Our Latest Research Report on Swedbank AB (publ)

Swedbank AB (publ) Stock Down 1.0%

Swedbank AB (publ) stock opened at SEK 26.16 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 3.63. Swedbank AB has a 12-month low of SEK 18.71 and a 12-month high of SEK 27.60. The firm’s fifty day moving average is SEK 24.37 and its 200 day moving average is SEK 22.90. The company has a market capitalization of $29.43 billion, a PE ratio of 8.93, a PEG ratio of 0.93 and a beta of 0.80.

Swedbank AB (publ) (OTCMKTS:SWDBYGet Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. The company had revenue of SEK 1.62 billion for the quarter. As a group, sell-side analysts predict that Swedbank AB will post 2.34 EPS for the current fiscal year.

Swedbank AB (publ) Company Profile

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Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.

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Analyst Recommendations for Swedbank AB (publ) (OTCMKTS:SWDBY)

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