Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Upgraded by The Goldman Sachs Group to Strong Sell

Goldman Sachs Group updated the shares Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Free Report) to a strong sell rating in a research note on Friday, Zacks.com reports.

Svenska Handelsbanken AB (publ) Trading down 1.4%

OTCMKTS SVNLY opened at $5.06 on Friday. The company’s fifty day simple moving average is $5.00 and its 200 day simple moving average is $4.87. The stock has a market cap of $20.04 billion, a P/E ratio of 7.33, a PEG ratio of 1.45 and a beta of 0.86. Svenska Handelsbanken AB has a 52 week low of $4.12 and a 52 week high of $6.01. The company has a current ratio of 2.06, a quick ratio of 2.06, and a debt-to-equity ratio of 0.16.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY – Get Your Free Report ) last announced its earnings results on Wednesday, July 17th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Svenska Handelsbanken AB (publ) had a return on equity of 13.76% and a net margin of 14.98%. equities research analysts predict that Svenska Handelsbanken AB will post 0.61 EPS for the current fiscal year.

Svenska Handelsbanken AB (publ) Company profile

(Get a free report)

Svenska Handelsbanken AB (publ) offers various banking products and services for private and corporate customers, mainly in Sweden, the United Kingdom, Norway, the Netherlands, the United States of America, Luxembourg, Finland and Poland. The company offers savings, transaction, business, currency and investment accounts, as well as cash pool and forestry and agriculture accounts; mortgage loans and committed loans and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange services.

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