DNB ASA/S (OTCMKTS:DNHBY) Lifted to Hold at Zacks Investment Research

DNB ASA/S (OTCMKTS:DNHBY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “DNB ASA is a commercial bank which provide banking products and services to retail and corporate customers primarily in Norway and internationally. The company offers savings and investment products, loans, investment banking advisory, financing services, insurance products, foreign exchange, cash management, payments and pension services as well as cards, advisory and real estate broking services. DNB ASA is headquartered in Oslo, Norway. “

Other equities research analysts have also issued reports about the stock. Berenberg Bank upgraded shares of DNB ASA/S to a “buy” rating in a report on Monday, September 30th. ValuEngine upgraded shares of DNB ASA/S from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

OTCMKTS:DNHBY traded up $0.19 during midday trading on Tuesday, reaching $17.41. 39,471 shares of the stock traded hands, compared to its average volume of 59,835. The company has a fifty day moving average of $17.03 and a 200 day moving average of $17.82. DNB ASA/S has a 12 month low of $15.30 and a 12 month high of $20.02. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $28.10 billion, a P/E ratio of 9.62 and a beta of 1.19.

DNB ASA/S Company Profile

DNB ASA provides various banking products and services for retail and corporate customers in Norway and internationally. The company offers savings and investment products, including saving accounts, home savings products, equities, retirement savings, fixed rate deposits, exchange traded products, bonds and commercial papers, and asset management services; and loans, such as home mortgages, car and consumer loans, trade finance, and export financing, as well as overdraft facilities, bank guarantees, and leasing and factoring services.

Read More: What is a back-end load?

Get a free copy of the Zacks research report on DNB ASA/S (DNHBY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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