Swedbank AB (SWDBY) Given Average Rating of “Hold” by Analysts

Shares of Swedbank AB (OTCMKTS:SWDBY) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

A number of research analysts have commented on SWDBY shares. Zacks Investment Research cut Swedbank AB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded Swedbank AB from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Macquarie restated an “underperform” rating on shares of Swedbank AB in a research note on Friday, October 13th. Finally, J P Morgan Chase & Co upgraded Swedbank AB from a “neutral” rating to an “overweight” rating in a research note on Tuesday, August 29th.

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Shares of Swedbank AB (SWDBY) traded down 0.72% during midday trading on Friday, reaching $26.21. The company’s stock had a trading volume of 10,527 shares. Swedbank AB has a one year low of $22.58 and a one year high of $27.72. The stock’s 50-day moving average is $27.09 and its 200-day moving average is $25.18. The company has a market capitalization of $29.19 billion, a P/E ratio of 12.36 and a beta of 0.98.

Swedbank AB Company Profile

Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.

Analyst Recommendations for Swedbank AB (OTCMKTS:SWDBY)

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