Danske Bank (OTCMKTS:DNKEY) Receives Consensus Rating of “Buy” from Analysts

Danske Bank (OTCMKTS:DNKEY) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company.

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research report on Tuesday, May 13th. Barclays upgraded Danske Bank from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 2nd. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research report on Friday, March 7th. Finally, Citigroup reissued a “buy” rating on shares of Danske Bank in a research note on Wednesday, May 21st.

Danske Bank Price Performance

OTCMKTS DNKEY opened at $19.68 on Tuesday. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a 50-day moving average of $18.56 and a 200 day moving average of $16.66. Danske Bank has a one year low of $13.50 and a one year high of $20.49. The company has a market capitalization of $32.87 billion, a price-to-earnings ratio of 9.74 and a beta of 0.77.

Danske Bank (OTCMKTS:DNKEY) last posted its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $13.86 billion. Danske Bank had a net margin of 42.15% and a return on equity of 13.52%. On average, sell-side analysts forecast that Danske Bank will post 1.84 EPS for the current year.

Danske Bank Company Profile

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.