Barclays cut shares of Nordea Bank Abp (OTCMKTS:NRDBY - Free Report) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.
NRDBY has been the subject of a number of other research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank Abp in a research note on Friday, March 7th. Kepler Capital Markets lowered Nordea Bank Abp from a "strong-buy" rating to a "strong sell" rating in a research note on Wednesday, May 21st. Citigroup reissued a "buy" rating on shares of Nordea Bank Abp in a research note on Wednesday, May 21st. Finally, Nordea Equity Research lowered Nordea Bank Abp from a "buy" rating to a "reduce" rating in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".
Check Out Our Latest Research Report on Nordea Bank Abp
Nordea Bank Abp Price Performance
Shares of OTCMKTS NRDBY traded up $0.10 during mid-day trading on Monday, reaching $14.64. The company's stock had a trading volume of 412,564 shares, compared to its average volume of 416,411. The firm has a market capitalization of $50.96 billion, a PE ratio of 9.45, a P/E/G ratio of 0.88 and a beta of 0.72. 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 stock has a fifty day moving average of $13.45 and a two-hundred day moving average of $12.59. Nordea Bank Abp has a 52 week low of $10.30 and a 52 week high of $14.87.
Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $3.13 billion during the quarter. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%. As a group, sell-side analysts anticipate that Nordea Bank Abp will post 1.4 EPS for the current fiscal year.
Nordea Bank Abp Company Profile
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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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