Danske Bank (OTCMKTS:DNKEY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several equities research analysts have issued reports on DNKEY shares. Jefferies Financial Group reissued a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a research report on Monday. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. Finally, Barclays reissued an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th.

Danske Bank Price Performance

Shares of DNKEY stock opened at $27.92 on Wednesday. The company has a debt-to-equity ratio of 7.90, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $45.55 billion, a PE ratio of 12.35 and a beta of 0.61. The firm’s 50-day moving average is $26.63 and its two-hundred day moving average is $25.91. Danske Bank has a 12 month low of $19.72 and a 12 month high of $28.85.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.66%. Analysts predict that Danske Bank will post 2.26 earnings per share for the current year.

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.