Svenska Handelsbanken (OTCMKTS:SVNLY) Given Hold Rating At Jefferies, Is a Move on The Horizon?

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How Jefferies Currently Rates Svenska Handelsbanken (OTCMKTS:SVNLY)

Expert analysts at Jefferies have started coverage Svenska Handelsbanken (OTCMKTS:SVNLY) shares in an analyst research report made public on Tuesday, 8 December, IR.net reports. The broker has set a Hold rating on SVNLY stock.

From a total of 6 analysts covering Svenska Handelsbanken (OTCMKTS:SVNLY) stock, 2 rate it a ”Buy”, 2 a “Sell”, and 2 a ”Hold”. This means that 33% of the ratings are positive. Svenska Handelsbanken was the topic of 6 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Jefferies initiated shares on December 8 with “Hold” rating. Kepler Cheuvreux upgraded SVNLY stock in a recent report from November 6 to “Buy” rating. Finally, Morgan Stanley downgraded the stock to “Underweight” rating in a report issued on a September 22.

The stock decreased 3.65% or $0.25 on December 8, striking $6.6. Approximately shares of stock traded hands. SVENSKA HANDELSBKN ADR EACH REPR 0.5 SHS (OTCMKTS:SVNLY) has declined 70.71% since May 6, 2015 and is downtrending. It has underperformed by 69.91% the S&P500.

Svenska Handelsbanken (OTCMKTS:SVNLY) Given Hold Rating At Jefferies, Is a Move on The Horizon?

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