Swedbank AB (publ) (OTCMKTS:SWDBY) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of Swedbank AB (publ) (OTCMKTS:SWDBY) to a buy rating in a research note released on Thursday morning, The Fly reports.

SWDBY has been the subject of a number of other reports. Barclays restated an overweight rating on shares of Swedbank AB (publ) in a report on Wednesday, May 19th. AlphaValue upgraded shares of Swedbank AB (publ) to a buy rating in a report on Tuesday, May 4th. Deutsche Bank Aktiengesellschaft restated a hold rating on shares of Swedbank AB (publ) in a report on Wednesday, April 14th. Morgan Stanley reaffirmed an equal weight rating on shares of Swedbank AB (publ) in a research report on Wednesday, April 28th. Finally, Berenberg Bank reaffirmed a hold rating on shares of Swedbank AB (publ) in a research report on Friday, April 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Swedbank AB (publ) has an average rating of Hold.

Shares of OTCMKTS SWDBY opened at $18.57 on Thursday. The stock has a market capitalization of $21.02 billion, a P/E ratio of 9.38 and a beta of 1.01. Swedbank AB has a 12 month low of $12.39 and a 12 month high of $19.89. The company has a current ratio of 1.47, a quick ratio of 1.49 and a debt-to-equity ratio of 5.55. The business’s 50-day moving average price is $18.22.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its quarterly earnings results on Tuesday, April 27th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Swedbank AB (publ) had a net margin of 37.96% and a return on equity of 13.17%.

About Swedbank AB (publ)

Swedbank AB (publ) provides various banking products and services to individuals and companies. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers savings, salary, and current accounts; private residential and corporate lending; leasing, factoring, and financing services; consumer, mortgage, acquisition and project, export, and marine financing; mutual funds; and asset management, and life insurance and pension services.

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Analyst Recommendations for Swedbank AB (publ) (OTCMKTS:SWDBY)

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