Nordea Bank Abp (OTCMKTS:NRDBY) Downgraded by Kepler Capital Markets to "Strong Sell"

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) was downgraded by research analysts at Kepler Capital Markets from a "strong-buy" rating to a "strong sell" rating in a research report issued on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Citigroup restated a "buy" rating on shares of Nordea Bank Abp in a research note on Wednesday. Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank Abp in a report on Friday, March 7th. Barclays reiterated an "overweight" rating on shares of Nordea Bank Abp in a report on Monday, February 3rd. Finally, Nordea Equity Research cut shares of Nordea Bank Abp from a "buy" rating to a "reduce" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Nordea Bank Abp Price Performance

NRDBY stock opened at $14.53 on Wednesday. The company has a debt-to-equity ratio of 6.03, a current ratio of 1.27 and a quick ratio of 1.29. The company's 50-day moving average is $13.32 and its 200-day moving average is $12.42. The stock has a market capitalization of $50.57 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72. Nordea Bank Abp has a 1 year low of $10.30 and a 1 year high of $14.87.

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.36 earnings per share for the quarter. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. The business had revenue of $3.13 billion for the quarter. Equities research analysts expect that Nordea Bank Abp will post 1.4 EPS for the current fiscal year.

About Nordea Bank Abp

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.

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