Citigroup Inc. upgraded shares of Nordea Bank AB (OTC:NRBAY) from a neutral rating to a buy rating in a research report released on Thursday.

A number of other analysts have also weighed in on NRBAY. JPMorgan Chase & Co. lowered Nordea Bank AB from an overweight rating to a neutral rating in a report on Thursday, June 23rd. Credit Suisse Group AG raised Nordea Bank AB from a neutral rating to an outperform rating in a research report on Monday, July 18th.

Nordea Bank AB (OTC:NRBAY) traded up 0.80% on Thursday, reaching $10.11. The company had a trading volume of 3,104 shares. The company has a market capitalization of $40.39 billion, a P/E ratio of 10.86 and a beta of 0.89. Nordea Bank AB has a 52 week low of $7.76 and a 52 week high of $11.97. The stock’s 50-day moving average is $9.91 and its 200-day moving average is $9.36.

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