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

Swedbank AB (publ) (OTCMKTS:SWDBY) was downgraded by equities researchers at Citigroup from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Barclays lowered shares of Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Trading Up 0.9 %

Shares of Swedbank AB (publ) stock opened at SEK 22.98 on Monday. Swedbank AB has a 12-month low of SEK 18.52 and a 12-month high of SEK 26.56. The stock has a market capitalization of $25.85 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.93 and a beta of 0.93. The company has a 50-day simple moving average of SEK 24.08 and a 200 day simple moving average of SEK 21.56. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 3.63.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 EPS for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. Research analysts expect 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.