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

Swedbank AB (publ) (OTCMKTS:SWDBY) was downgraded by research 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 cut Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Monday, February 3rd.

Swedbank AB (publ) Trading Up 0.9 %

Shares of OTCMKTS SWDBY opened at SEK 22.98 on Monday. The firm has a market capitalization of $25.85 billion, a PE ratio of 7.84, a PEG ratio of 0.93 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. The business 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 has a one year low of SEK 18.52 and a one year high of SEK 26.56.

Swedbank AB (publ) (OTCMKTS:SWDBY) last issued its earnings results 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 16.95% and a net margin of 23.64%. As a group, analysts predict that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

About Swedbank AB (publ)

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.