Swedbank AB (publ) (OTCMKTS:SWDBY) Lowered to “Hold” Rating by Citigroup

Swedbank AB (publ) (OTCMKTS:SWDBY) was downgraded by investment analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Barclays lowered Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd.

Swedbank AB (publ) Stock Up 0.9 %

Swedbank AB (publ) stock opened at SEK 22.98 on Monday. The firm has a market cap of $25.85 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 0.93 and a beta of 0.93. Swedbank AB has a 52-week low of SEK 18.52 and a 52-week high of SEK 26.56. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.50 and a current ratio of 1.52. The firm has a 50 day moving average price of SEK 24.08 and a two-hundred day moving average price of SEK 21.56.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. Equities analysts predict that Swedbank AB will post 2.34 EPS 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.