Swedbank AB (publ) (OTCMKTS:SWDBY) Rating Lowered to “Strong Sell” at Barclays

Barclays downgraded shares of Swedbank AB (publ) (OTCMKTS:SWDBY) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Swedbank AB (publ) Stock Up 2.1 %

Shares of OTCMKTS SWDBY opened at SEK 21.90 on Monday. The stock has a market cap of $24.64 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 0.86 and a beta of 0.92. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 4.28. Swedbank AB has a 52-week low of SEK 18.52 and a 52-week high of SEK 22.84. The business has a 50-day moving average price of SEK 20.41 and a 200 day moving average price of SEK 20.49.

Swedbank AB (publ) (OTCMKTS:SWDBY) last announced its earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a return on equity of 17.32% and a net margin of 23.64%. Equities research analysts forecast that Swedbank AB will post 2.3 earnings per share for the current year.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.