Swedbank (OTCMKTS:SWDBY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “Swedbank is a leading Nordic-Baltic banking group with retail customers and corporate customers in Sweden, Estonia, Lithuania and Latvia. Swedbank’s vision is to be the leading financial institution in the markets where they are present. In Sweden the group has more than 470 branches. In the Baltic countries the group has another 280 branches. Outside of the Nordic-Baltic home markets, the group is present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St.Petersburg and Tokyo. “
Separately, ValuEngine lowered shares of Swedbank from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.00.
Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers deposit and lending products; guarantees; non-life insurance products; brokerage and other securities; real estate brokerage; and asset management, financing, and life insurance and pension services.
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