Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Crosses Below 50-Day Moving Average of $13.64

Shares of Swedbank AB (publ) (OTCMKTS:SWDBYGet Rating) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.64 and traded as low as $13.62. Swedbank AB (publ) shares last traded at $13.86, with a volume of 35,631 shares.

Analyst Ratings Changes

Several research analysts have weighed in on SWDBY shares. Danske upgraded Swedbank AB (publ) from a “hold” rating to a “buy” rating in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft lowered Swedbank AB (publ) from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Exane BNP Paribas lowered Swedbank AB (publ) from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 18th. Barclays lifted their price target on Swedbank AB (publ) from SEK 174 to SEK 189 and gave the company an “overweight” rating in a research note on Thursday, May 12th. Finally, BNP Paribas downgraded Swedbank AB (publ) from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Swedbank AB (publ) currently has a consensus rating of “Hold” and an average target price of $181.50.

Swedbank AB (publ) Trading Up 0.4 %

The company has a debt-to-equity ratio of 5.27, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50-day moving average of $13.64 and a 200-day moving average of $15.55. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 7.18 and a beta of 0.99.

Swedbank AB (publ) Company Profile

(Get Rating)

Swedbank AB (publ) provides various banking products and services to individuals and companies. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers savings accounts, mutual funds and insurance savings, pension savings, institutional asset management, and other savings and investment products; private residential lending, consumer financing, corporate lending, leasing, other financing products, trade finance, and factoring services; and current accounts, cash handling, debit and credit cards, card acquiring, other payment products, as well as domestic, international, mobile, and document payments.

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