Swedbank AB (ADR) (NASDAQ:SWDBY) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Zacks Investment Research has downgraded Swedbank AB (ADR)(NASDAQ:SWDBY) to Hold in a report released on Saturday August 20 2016.
Having a price of $20.73, Swedbank AB (ADR) (NASDAQ:SWDBY) traded 1.77% lower on the day. With the last stock price down 6.71% relative to the 200-day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. SWDBY has recorded a 50-day moving average of $22.15 and 200-day moving average of $21.35. 16,487 shares of Swedbank AB (ADR) traded, down from ann average trading volume of 27,136
Recent Performance Graph:
Swedbank AB (ADR) has a one-year low of $18.15 and a 52 week high of $24.38 with a P/E ratio of 12 and has a total market value of $0.0.
About Swedbank AB (ADR) (NASDAQ:SWDBY)
Swedbank AB is a savings bank. The Company’s segments include Swedish Banking, Baltic Banking, Large Corporates & Institutions, and Group Functions & Other. Its Swedish Banking segment offers services through its own branch network, the Telephone Bank, the Internet Bank and the distribution network of the independent savings banks. Its Baltic Banking segment offers services through its own branch network, the Telephone Bank and the Internet Bank. Its Large Corporates & Institutions segment provides companies, financial institutions and banks with financing solutions and financial services. Its Group Functions & Other comprises group functions, such as group products, group information technology, accounting and finance, risk, compliance, corporate affairs, human resources and legal. It offers financial services and products in Sweden, Estonia, Latvia and Lithuania. It also has operations in Norway, Finland, Denmark, the United States, China, and Luxembourg and South Africa.
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