Swedbank (OTCMKTS:SWDBY) Receives “Underweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Swedbank (OTCMKTS:SWDBY) in a research report sent to investors on Thursday, The Fly reports.

Several other brokerages have also weighed in on SWDBY. HSBC upgraded shares of America Movil SAB de CV ADR Series L from a hold rating to a buy rating in a research report on Friday, April 5th. Barclays lowered shares of NORDEA Bk AB SW/S to a hold rating in a research report on Friday, May 17th. Finally, ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has an average rating of Hold.

Shares of Swedbank stock opened at $14.44 on Thursday. The company’s 50-day simple moving average is $15.06. Swedbank has a twelve month low of $14.05 and a twelve month high of $25.15. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 6.75 and a beta of 0.69.

About Swedbank

Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. The company operates through Swedish Banking, Baltic Banking, and Large Corporates & Institutions segments. It offers deposit and lending products; guarantees; non-life insurance products; brokerage and other securities; real estate brokerage; and asset management, financing, and life insurance and pension services.

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The Fly

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