ValuEngine Downgrades Swedbank (SWDBY) to Buy

ValuEngine lowered shares of Swedbank (OTCMKTS:SWDBY) from a strong-buy rating to a buy rating in a research report report published on Sunday, December 31st.

A number of other brokerages have also recently weighed in on SWDBY. Berenberg Bank cut Swedbank from a buy rating to a hold rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Swedbank from a strong-buy rating to a hold rating in a research report on Tuesday, October 3rd. Finally, Macquarie reaffirmed an underperform rating on shares of Swedbank in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold.

Shares of Swedbank (OTCMKTS SWDBY) traded up $0.08 during midday trading on Friday, hitting $25.35. The company had a trading volume of 175,700 shares, compared to its average volume of 24,151. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 7.30. The stock has a market cap of $28,460.00, a PE ratio of 12.31 and a beta of 1.06. Swedbank has a 1 year low of $22.58 and a 1 year high of $27.72.

ILLEGAL ACTIVITY WARNING: This report was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/01/15/swedbank-swdby-lowered-to-buy-at-valuengine.html.

About Swedbank

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Swedbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swedbank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply