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

The Goldman Sachs Group upgraded shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) to a strong sell rating in a research note released 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) last announced its earnings results on Wednesday, July 17th. The company reported $0.16 earnings per share for the quarter, beating 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

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