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.
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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