Nordea Bank (OTCMKTS:NRDBY) Downgraded by Zacks Research to Hold

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

Several other analysts also recently issued reports on NRDBY. Barclays restated an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Kepler Capital Markets raised shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a report on Monday, November 24th. Nordea Equity Research downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nordea Bank Stock Up 0.6%

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

Nordea Bank (OTCMKTS:NRDBY) last posted its earnings results on Thursday, October 16th. The company reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $3.40 billion for the quarter. Nordea Bank had a return on equity of 15.38% and a net margin of 21.42%. Equities analysts expect that Nordea Bank will post 1.4 earnings per share for the current fiscal 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.