Swedbank AB (OTCMKTS:SWDBY) Receives Average Recommendation of “Hold” from Analysts

Swedbank AB (OTCMKTS:SWDBY) has received an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company.

Several equities analysts recently commented on SWDBY shares. Barclays cut shares of Swedbank to a “hold” rating in a research note on Friday, May 17th. ValuEngine raised shares of Swedbank from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Swedbank in a research note on Thursday, July 18th. Finally, HSBC raised shares of Swedbank from a “reduce” rating to a “hold” rating in a research note on Friday, April 5th.

Shares of Swedbank stock traded down $0.11 during trading hours on Wednesday, reaching $13.63. The company’s stock had a trading volume of 67,015 shares, compared to its average volume of 72,289. Swedbank has a one year low of $13.63 and a one year high of $25.15. The stock has a market cap of $15.18 billion, a P/E ratio of 6.37 and a beta of 0.69. The business has a fifty day simple moving average of $14.96.

Swedbank Company Profile

Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers deposit and lending products; guarantees; non-life insurance products; brokerage and other securities; real estate brokerage; and asset management, financing, and life insurance and pension services.

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