Swedbank AB (SWDBY) Receives Average Recommendation of “Hold” from Brokerages

Swedbank AB (OTCMKTS:SWDBY) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company.

SWDBY has been the subject of a number of analyst reports. J P Morgan Chase & Co upgraded Swedbank from a “neutral” rating to an “overweight” rating in a research report on Tuesday, August 29th. Zacks Investment Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Macquarie restated an “underperform” rating on shares of Swedbank in a research report on Friday, October 13th. Finally, Berenberg Bank cut Swedbank from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd.

Swedbank (SWDBY) opened at $23.65 on Monday. Swedbank has a 1-year low of $22.58 and a 1-year high of $27.72. The company has a debt-to-equity ratio of 7.44, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $26,771.94, a PE ratio of 3.75 and a beta of 0.94.

TRADEMARK VIOLATION NOTICE: “Swedbank AB (SWDBY) Receives Average Recommendation of “Hold” from Brokerages” was first reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://weekherald.com/2017/12/13/swedbank-ab-swdby-receives-average-recommendation-of-hold-from-brokerages.html.

About Swedbank

Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.

Analyst Recommendations for Swedbank (OTCMKTS:SWDBY)

Receive News & Ratings for Swedbank AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swedbank AB and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply