Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) Rating Increased to Strong-Buy at Barclays

Barclays upgraded shares of Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) from a strong sell rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

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

Skandinaviska Enskilda Banken AB (publ) Stock Performance

OTCMKTS:SVKEF opened at $16.90 on Monday. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.44 and a current ratio of 1.53. Skandinaviska Enskilda Banken AB has a 52-week low of $12.59 and a 52-week high of $17.99. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of 10.31 and a beta of 0.44. The business’s fifty day moving average is $15.81 and its 200 day moving average is $15.13.

Skandinaviska Enskilda Banken AB (publ) (OTCMKTS:SVKEF) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). Skandinaviska Enskilda Banken AB (publ) had a return on equity of 16.21% and a net margin of 19.29%. 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.