Zacks Research Downgrades Nordea Bank (OTCMKTS:NRDBY) to Hold

Nordea Bank (OTCMKTS:NRDBY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on NRDBY. 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. Citigroup restated a “buy” rating on shares of Nordea Bank in a research report on Thursday, October 9th. Kepler Capital Markets upgraded Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Nordea Equity Research cut Nordea Bank from a “buy” rating to a “neutral” rating in a report on Thursday, December 4th. Finally, Barclays restated an “underweight” rating on shares of Nordea Bank in a research note on Wednesday, December 10th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nordea Bank Trading Up 0.6%

OTCMKTS:NRDBY opened at $18.38 on Wednesday. Nordea Bank has a 12-month low of $10.30 and a 12-month high of $18.59. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.32. The stock’s 50 day simple moving average is $17.37 and its 200-day simple moving average is $16.02. The firm has a market cap of $63.26 billion, a P/E ratio of 12.09, a PEG ratio of 3.77 and a beta of 0.62.

Nordea Bank (OTCMKTS:NRDBY) last posted its quarterly earnings data on Thursday, October 16th. The company reported $0.42 earnings per share for the quarter. The firm 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%. Equities analysts anticipate 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.