Danske Bank A/S (OTCMKTS:DNKEY) Raised to Strong-Buy at UBS Group

Danske Bank A/S (OTCMKTS:DNKEY) was upgraded by UBS Group to a “strong-buy” rating in a report released on Monday, Zacks.com reports.

Several other equities analysts have also issued reports on the company. Barclays upgraded Danske Bank A/S to a “strong sell” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group upgraded Danske Bank A/S to a “hold” rating in a research note on Friday, September 27th.

Danske Bank A/S Price Performance

Shares of OTCMKTS DNKEY opened at $14.57 on Monday. The firm has a market cap of $24.95 billion, a P/E ratio of 8.01 and a beta of 0.93. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 7.32. Danske Bank A/S has a 1-year low of $10.65 and a 1-year high of $16.23. The business’s 50 day moving average is $15.14 and its 200-day moving average is $14.98.

Danske Bank A/S (OTCMKTS:DNKEY) last posted its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Danske Bank A/S had a return on equity of 13.02% and a net margin of 41.10%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.98 billion. Equities research analysts predict that Danske Bank A/S will post 1.9 earnings per share for the current year.

About Danske Bank A/S

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.