Nordea Bank (OTCMKTS:NRDBY) Lowered to “Strong Sell” Rating by Zacks Research

Nordea Bank (OTCMKTS:NRDBY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages also recently issued reports on NRDBY. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a report on Thursday. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. Nordea Equity Research downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Finally, Kepler Capital Markets upgraded shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Nordea Bank presently has a consensus rating of “Hold”.

Nordea Bank Stock Up 0.1%

Shares of OTCMKTS NRDBY opened at $19.61 on Thursday. The business has a 50-day moving average of $18.28 and a two-hundred day moving average of $16.68. The company has a market capitalization of $67.34 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 4.01 and a beta of 0.63. Nordea Bank has a 1 year low of $11.07 and a 1 year high of $19.73. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings data on Thursday, October 16th. The company reported $0.42 EPS for the quarter. Nordea Bank had a return on equity of 15.38% and a net margin of 21.42%.The business had revenue of $3.40 billion for the quarter. On average, analysts forecast that Nordea Bank will post 1.4 earnings per share for the current fiscal year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.