Swedbank AB (publ) (OTCMKTS:SWDBY) Cut to “Strong Sell” at Barclays

Barclays cut shares of Swedbank AB (publ) (OTCMKTS:SWDBY) from a hold rating to a strong sell rating in a research note released on Monday,Zacks.com reports.

Swedbank AB (publ) Price Performance

Shares of SWDBY stock opened at SEK 22.28 on Monday. Swedbank AB has a 52-week low of SEK 18.52 and a 52-week high of SEK 22.84. The firm has a market capitalization of $25.07 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.86 and a beta of 0.92. The stock has a 50 day moving average price of SEK 20.47 and a 200 day moving average price of SEK 20.50. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.50 and a current ratio of 1.50.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 17.32%. As a group, sell-side analysts predict that Swedbank AB will post 2.3 earnings per share for the current 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.