Nordea Bank (OTCMKTS:NRDBY) Stock Rating Upgraded by Zacks Research

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

A number of other analysts have also issued reports on the stock. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Thursday, January 15th. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research report on Monday, November 24th. The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Nordea Equity Research cut Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Nordea Bank presently has a consensus rating of “Hold”.

Nordea Bank Trading Down 1.6%

NRDBY opened at $19.31 on Thursday. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.23 and a current ratio of 1.23. The stock’s 50 day moving average price is $19.20 and its 200-day moving average price is $17.38. Nordea Bank has a one year low of $11.07 and a one year high of $20.61. The stock has a market cap of $66.19 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 3.44 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Nordea Bank had a return on equity of 15.61% and a net margin of 22.36%. On average, equities analysts forecast that Nordea Bank will post 1.4 EPS for the current 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.