Nordea Bank (OTCMKTS:NRDBY) Upgraded at Zacks Research

Zacks Research upgraded shares of Nordea Bank (OTCMKTS:NRDBY) from a strong sell rating to a hold rating in a research report released on Thursday,Zacks.com reports.

Several other research firms have also recently commented on NRDBY. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. 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. Nordea Equity Research downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group lowered Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Nordea Bank Stock Down 1.6%

Shares of Nordea Bank stock opened at $19.31 on Thursday. Nordea Bank has a 1-year low of $11.07 and a 1-year high of $20.61. The company has a market capitalization of $66.19 billion, a PE ratio of 12.22, a P/E/G ratio of 3.38 and a beta of 0.63. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50-day moving average of $19.20 and a 200-day moving average of $17.40.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Nordea Bank had a return on equity of 15.61% and a net margin of 22.36%.The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.42 billion. As a group, equities analysts forecast that Nordea Bank will post 1.4 EPS 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.