Nordea Bank Ab Spon (NASDAQ:NRBAY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Nordea Bank AB provides banking services primarily in Sweden, Finland, Norway, Denmark, the Baltic countries, Poland, and Russia. It operates in Retail Banking, Wholesale Banking, and Other Operating segments. The services provided by the bank include current, savings, investment, rental security deposit, foreign currency accounts, loans, recreational credits, working capital, fixed asset, enterprise, sales, foreign trade, property finance, bank guarantees, financial risk management services, individual pensions, endowment, life, health and personal accident insurance products; trade finance, securities services, international banking, cash management and export and import services. Nordea Bank AB is headquartered in Stockholm, Sweden. “

Nordea Bank Ab Spon (NRBAY) opened at 13.56 on Tuesday. Nordea Bank Ab Spon has a 52-week low of $9.90 and a 52-week high of $13.87. The firm has a 50-day moving average price of $13.16 and a 200 day moving average price of $12.64. The stock has a market capitalization of $54.75 billion and a price-to-earnings ratio of 12.83.

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