Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Stock Rating Upgraded by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) to a strong sell rating in a research note issued to investors on Friday, Zacks.com reports.

Svenska Handelsbanken AB (publ) Stock Down 1.4 %

Shares of SVNLY stock opened at $5.06 on Friday. The company’s fifty day simple moving average is $5.00 and its two-hundred day simple moving average is $4.87. Svenska Handelsbanken AB has a 52 week low of $4.12 and a 52 week high of $6.01. 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. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

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

About Svenska Handelsbanken AB (publ)

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.