Nordea Bank (OTCMKTS:NRDBY) Rating Increased to Hold at Zacks Research

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

Several other brokerages also recently commented on NRDBY. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a report on Thursday, January 15th. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research report on Monday, November 24th. The Goldman Sachs Group cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Kepler Capital Markets upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Barclays reaffirmed an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Nordea Bank Stock Performance

OTCMKTS:NRDBY opened at $19.31 on Thursday. The firm has a market capitalization of $66.19 billion, a PE ratio of 12.22, a PEG ratio of 3.44 and a beta of 0.63. The stock’s fifty day moving average is $19.20 and its 200 day moving average is $17.38. Nordea Bank has a fifty-two week low of $11.07 and a fifty-two week high of $20.61. The company has a debt-to-equity ratio of 6.33, a quick ratio of 1.23 and a current ratio of 1.23.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings data 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 net margin of 22.36% and a return on equity of 15.61%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.42 billion. On average, sell-side analysts anticipate that Nordea Bank will post 1.4 earnings per share for the current 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.