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

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) was downgraded by analysts at Barclays from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday,Zacks.com reports.

Swedbank AB (publ) Price Performance

OTCMKTS:SWDBY traded up SEK 0.04 during trading hours on Monday, hitting SEK 22.64. The stock had a trading volume of 17,500 shares, compared to its average volume of 27,396. The company has a 50 day simple moving average of SEK 20.66 and a two-hundred day simple moving average of SEK 20.54. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.50 and a quick ratio of 1.50. Swedbank AB has a one year low of SEK 18.52 and a one year high of SEK 22.84. The firm has a market capitalization of $25.48 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.90 and a beta of 0.92.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last posted its quarterly earnings data 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%. Research analysts forecast that Swedbank AB will post 2.3 earnings per share for the current fiscal year.

Swedbank AB (publ) Company Profile

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.