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

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

Several other equities analysts also recently commented on the stock. Nordea Equity Research downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. 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. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank in a research report on Monday, November 24th. Finally, Barclays reaffirmed an “underweight” rating on shares of Nordea Bank in a report on Wednesday, December 10th. One investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Nordea Bank Stock Performance

OTCMKTS NRDBY opened at $19.31 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.33. Nordea Bank has a twelve month low of $11.07 and a twelve month high of $20.61. The business has a 50-day moving average price of $19.20 and a 200-day moving average price of $17.38. The firm has a market cap of $66.19 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 3.44 and a beta of 0.63.

Nordea Bank (OTCMKTS:NRDBY) last issued its earnings results on Thursday, January 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.42 billion. As a group, equities research analysts predict 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.