Barclays downgraded shares of Swedbank AB (publ) (OTCMKTS:SWDBY – Free Report) from an overweight rating to an equal weight rating in a report released on Friday morning, MarketBeat Ratings reports.
Swedbank AB (publ) Stock Down 0.1 %
SWDBY stock traded down SEK 0.03 on Friday, reaching SEK 20.18. The company’s stock had a trading volume of 12,900 shares, compared to its average volume of 11,954. Swedbank AB has a 12-month low of SEK 15.17 and a 12-month high of SEK 22.84. The business has a fifty day simple moving average of SEK 20.14 and a two-hundred day simple moving average of SEK 19.91. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.49.
Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported SEK 0.72 EPS for the quarter. The company had revenue of SEK 1.74 billion for the quarter. Swedbank AB (publ) had a return on equity of 18.67% and a net margin of 26.65%. As a group, equities research analysts forecast that Swedbank AB will post 2.25 earnings per share for the current year.
Swedbank AB (publ) Increases Dividend
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.
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