Nordea Bank (OTCMKTS:NRDBY) Downgraded by Barclays to “Strong Sell”

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

NRDBY has been the subject of several other research reports. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Wednesday, May 21st. Nordea Equity Research cut shares of Nordea Bank from a “buy” rating to a “reduce” rating in a research report on Wednesday, May 21st. Finally, Kepler Capital Markets upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nordea Bank Stock Performance

NRDBY stock opened at $15.74 on Thursday. The company has a debt-to-equity ratio of 6.60, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50 day moving average price of $14.93 and a 200 day moving average price of $13.98. Nordea Bank has a fifty-two week low of $10.3001 and a fifty-two week high of $16.15. The stock has a market capitalization of $54.52 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 3.11 and a beta of 0.67.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings data on Thursday, July 17th. The company reported $0.40 earnings per share for the quarter. Nordea Bank had a net margin of 20.63% and a return on equity of 15.50%. The firm had revenue of $3.30 billion during the quarter. Analysts forecast that Nordea Bank will post 1.4 EPS for the current year.

Nordea Bank Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.