Zacks Investment Research lowered shares of Nordea Bank Ab Spon (NASDAQ:NRBAY) from a strong-buy rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Nordea Bank AB provides banking services primarily in Sweden, Finland, Norway, Denmark, the Baltic countries, Poland, and Russia. It operates in Retail Banking, Wholesale Banking, and Other Operating segments. The services provided by the bank include current, savings, investment, rental security deposit, foreign currency accounts, loans, recreational credits, working capital, fixed asset, enterprise, sales, foreign trade, property finance, bank guarantees, financial risk management services, individual pensions, endowment, life, health and personal accident insurance products; trade finance, securities services, international banking, cash management and export and import services. Nordea Bank AB is headquartered in Stockholm, Sweden. “

Shares of Nordea Bank Ab Spon (NASDAQ:NRBAY) traded up 0.85% during mid-day trading on Tuesday, hitting $13.72. The stock had a trading volume of 69,871 shares. The company’s 50 day moving average is $13.21 and its 200-day moving average is $12.67. The stock has a market cap of $55.39 billion and a P/E ratio of 12.98. Nordea Bank Ab Spon has a 52-week low of $9.90 and a 52-week high of $13.87.

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