Swedbank AB (publ) (OTCMKTS:SWDBY) Share Price Passes Below 50-Day Moving Average of $19.13

Swedbank AB (publ) (OTCMKTS:SWDBY – Get Rating)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of SEK 19.13 and traded as low as SEK 16.41. Swedbank AB (publ) shares last traded at SEK 16.62, with a volume of 36,800 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SWDBY. Barclays increased their price target on shares of Swedbank AB (publ) from SEK 191 to SEK 198 in a report on Tuesday, November 22nd. Credit Suisse Group lowered their price target on shares of Swedbank AB (publ) from SEK 174 to SEK 171 in a report on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Swedbank AB (publ) has an average rating of “Hold” and an average price target of SEK 177.20.

Swedbank AB (publ) Trading Down 4.3 %

The company’s 50-day moving average is SEK 19.13 and its two-hundred day moving average is SEK 16.36. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.47 and a quick ratio of 1.47.

Swedbank AB (publ) (OTCMKTS:SWDBY – Get Rating) last issued its earnings results on Tuesday, January 31st. The financial services provider reported SEK 0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of SEK 0.54 by SEK 0.02. The business had revenue of SEK 1.50 billion during the quarter. Swedbank AB (publ) had a return on equity of 13.18% and a net margin of 34.02%. As a group, sell-side analysts predict that Swedbank AB will post 2.48 earnings per share for the current year.

About Swedbank AB (publ)

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Swedbank AB engages in the provision of financial products and services. It operates through the following segments: Swedish Banking, Large Corporates and Institutions, Baltic Banking, and Group Functions and Others. The Swedish Banking segment caters to customers through digital channels and branches, as well as through cooperating savings banks and franchises.