Danske Bank (OTCMKTS:DNKEY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Danske Bank (OTCMKTS:DNKEY) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several equities analysts have weighed in on DNKEY shares. Jefferies Financial Group reiterated a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Wednesday, May 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a report on Tuesday, May 12th.

Danske Bank Trading Down 1.1%

OTCMKTS DNKEY opened at $26.10 on Tuesday. Danske Bank has a twelve month low of $19.37 and a twelve month high of $27.61. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $42.59 billion, a price-to-earnings ratio of 12.03 and a beta of 0.60. The firm’s 50 day moving average price is $25.47 and its two-hundred day moving average price is $25.08.

Danske Bank (OTCMKTS:DNKEY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Equities analysts anticipate that Danske Bank will post 2.32 EPS for the current year.

Danske Bank Company Profile

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.