Nordea Bank (OTCMKTS:NRDBY) Rating Increased to Strong-Buy at Kepler Capital Markets

Nordea Bank (OTCMKTS:NRDBY) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Nordea Equity Research raised Nordea Bank from a “reduce” rating to a “buy” rating in a research report on Thursday. Zacks Research upgraded shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research report on Thursday, October 9th. Barclays cut shares of Nordea Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Nordea Bank Stock Up 2.1%

OTCMKTS NRDBY opened at $16.85 on Thursday. Nordea Bank has a twelve month low of $10.30 and a twelve month high of $17.42. The stock has a market cap of $58.14 billion, a PE ratio of 11.09, a PEG ratio of 3.02 and a beta of 0.66. The firm has a 50-day simple moving average of $16.44 and a 200 day simple moving average of $15.27. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.26 and a current ratio of 1.23.

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

About Nordea Bank

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.