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.

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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.

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