Swedbank AB (publ) (OTCMKTS:SWDBY) Hits New 12-Month High - Should You Buy?

Shares of Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as SEK 22.96 and last traded at SEK 22.78, with a volume of 9559 shares. The stock had previously closed at SEK 22.64.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a report on Monday, February 3rd.

Swedbank AB (publ) Stock Up 0.9 %

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.28. The stock has a 50-day simple moving average of SEK 20.91 and a 200-day simple moving average of SEK 20.60. The company has a market cap of $26.42 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.92.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last announced its quarterly 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 return on equity of 17.32% and a net margin of 23.64%. As a group, analysts predict that Swedbank AB will post 2.3 EPS 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.