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

Swedbank AB (publ) (OTCMKTS:SWDBY) was downgraded by Barclays from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Swedbank AB (publ) Price Performance

Shares of OTCMKTS:SWDBY opened at SEK 21.90 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.28. The stock’s fifty day simple moving average is SEK 20.41 and its two-hundred day simple moving average is SEK 20.49. Swedbank AB has a 1-year low of SEK 18.52 and a 1-year high of SEK 22.84. 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.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued 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 return on equity of 17.32% and a net margin of 23.64%. As a group, analysts forecast that Swedbank AB will post 2.3 EPS for the current fiscal 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.