Nordea Bank (OTCMKTS:NRDBY) Stock Rating Lowered by Zacks Research

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

A number of other equities analysts have also commented on NRDBY. Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Barclays reaffirmed an “underweight” rating on shares of Nordea Bank in a report on Wednesday, December 10th. The Goldman Sachs Group lowered shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 4th. Nordea Equity Research cut shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. Finally, Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Nordea Bank Stock Performance

NRDBY opened at $19.61 on Thursday. 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 stock has a market capitalization of $67.34 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 4.01 and a beta of 0.63. The company has a fifty day moving average of $18.28 and a 200 day moving average of $16.68. Nordea Bank has a fifty-two week low of $11.07 and a fifty-two week high of $19.73.

Nordea Bank (OTCMKTS:NRDBY) last announced its quarterly earnings results on Thursday, October 16th. The company reported $0.42 EPS for the quarter. The business had revenue of $3.40 billion for the quarter. Nordea Bank had a net margin of 21.42% and a return on equity of 15.38%. As a group, sell-side analysts forecast that Nordea Bank will post 1.4 earnings per share 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.