Danske Bank A/S (OTCMKTS:DNKEY) Raised to Strong-Buy at UBS Group

by · The Cerbat Gem

UBS Group upgraded shares of Danske Bank A/S (OTCMKTS:DNKEY – Free Report) to a strong-buy rating in a research report released on Monday morning, Zacks.com reports.

DNKEY has been the subject of several other research reports. The Goldman Sachs Group upgraded Danske Bank A/S to a hold rating in a research note on Friday, September 27th. Barclays upgraded Danske Bank A/S to a strong sell rating in a research note on Tuesday, October 1st.

View Our Latest Stock Report on Danske Bank A/S

Danske Bank A/S Stock Performance

OTCMKTS DNKEY opened at $14.45 on Monday. The stock has a 50-day simple moving average of $15.12 and a two-hundred day simple moving average of $14.98. The firm has a market capitalization of $24.75 billion, a P/E ratio of 7.94 and a beta of 0.93. Danske Bank A/S has a fifty-two week low of $10.65 and a fifty-two week high of $16.23. The company has a debt-to-equity ratio of 7.32, a quick ratio of 1.72 and a current ratio of 1.72.

Danske Bank A/S (OTCMKTS:DNKEY – Get Free Report) last announced its quarterly earnings results on Friday, July 19th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Danske Bank A/S had a return on equity of 13.02% and a net margin of 41.10%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.98 billion. On average, equities analysts forecast that Danske Bank A/S will post 1.9 earnings per share for the current year.

Danske Bank A/S Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 1st. Investors of record on Monday, July 29th were issued a $0.391 dividend. This represents a yield of 2.42%. This is a boost from Danske Bank A/S’s previous dividend of $0.39. The ex-dividend date was Monday, July 29th. Danske Bank A/S’s payout ratio is presently 42.31%.

About Danske Bank A/S

(Get Free Report)

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.

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