Swedbank AB (SWDBY) Rating Lowered to Hold at Zacks Investment Research
Swedbank AB (OTCMKTS:SWDBY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Swedbank is a leading Nordic-Baltic banking group with retail customers and corporate customers in Sweden, Estonia, Lithuania and Latvia. Swedbank’s vision is to be the leading financial institution in the markets where they are present. In Sweden the group has more than 470 branches. In the Baltic countries the group has another 280 branches. Outside of the Nordic-Baltic home markets, the group is present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St.Petersburg and Tokyo. “
Several other brokerages have also weighed in on SWDBY. ValuEngine raised shares of Swedbank AB from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. J P Morgan Chase & Co raised shares of Swedbank AB from a “neutral” rating to an “overweight” rating in a report on Tuesday, August 29th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Swedbank AB presently has an average rating of “Buy”.
Swedbank AB (SWDBY) opened at 27.47 on Tuesday. The firm has a market cap of $30.59 billion, a P/E ratio of 12.96 and a beta of 0.98. Swedbank AB has a 1-year low of $22.39 and a 1-year high of $27.72. The firm has a 50-day moving average of $26.95 and a 200 day moving average of $25.08.
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Swedbank AB Company Profile
Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.
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