Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Raised to “Strong-Buy” at Barclays

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) was upgraded by stock analysts at Barclays from a “strong sell” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Separately, Citigroup reiterated a “neutral” rating on shares of Skandinaviska Enskilda Banken AB (publ) in a report on Wednesday, May 21st.

Skandinaviska Enskilda Banken AB (publ) Trading Down 0.3%

OTCMKTS:SVKEF opened at $16.90 on Monday. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.53 and a quick ratio of 1.44. Skandinaviska Enskilda Banken AB has a fifty-two week low of $12.59 and a fifty-two week high of $17.99. The stock’s 50-day moving average is $15.81 and its two-hundred day moving average is $15.13. The stock has a market cap of $34.43 billion, a PE ratio of 10.31 and a beta of 0.44.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) last released its earnings results on Tuesday, April 29th. The financial services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.02). Skandinaviska Enskilda Banken AB (publ) had a net margin of 19.29% and a return on equity of 16.21%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $18.93 billion.

About Skandinaviska Enskilda Banken AB (publ)

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions.