Nordea Bank (OTCMKTS:NRDBY) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Nordea Bank (OTCMKTS:NRDBY) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on NRDBY. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Thursday, October 9th. Nordea Equity Research lowered 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 note on Wednesday, December 10th. Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, The Goldman Sachs Group downgraded Nordea Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Nordea Bank Trading Up 0.9%

OTCMKTS:NRDBY opened at $18.54 on Wednesday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $63.81 billion, a P/E ratio of 12.19, a P/E/G ratio of 3.79 and a beta of 0.62. The firm has a 50-day simple moving average of $17.42 and a 200-day simple moving average of $16.05. Nordea Bank has a one year low of $10.30 and a one year high of $18.65.

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

Nordea Bank Company Profile

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.