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

Zacks Research lowered shares of Nordea Bank (OTCMKTS:NRDBY) from a hold rating to a strong sell rating in a research report sent to investors on Thursday,Zacks.com reports.

NRDBY has been the subject of several other research reports. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Thursday. Kepler Capital Markets raised shares of Nordea Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. The Goldman Sachs Group cut Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Nordea Equity Research lowered Nordea Bank from a “buy” rating to a “neutral” rating in a research note on Thursday, December 4th. Finally, Barclays reiterated an “underweight” rating on shares of Nordea Bank in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Nordea Bank Stock Performance

OTCMKTS:NRDBY opened at $19.61 on Thursday. The company has a market cap of $67.34 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 4.01 and a beta of 0.63. Nordea Bank has a 1 year low of $11.07 and a 1 year high of $19.73. The stock’s 50 day simple moving average is $18.28 and its two-hundred day simple moving average is $16.68. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.23 and a quick ratio of 1.23.

Nordea Bank (OTCMKTS:NRDBY) last posted its 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. As a group, equities analysts anticipate that Nordea Bank will post 1.4 earnings per share for the current fiscal year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.