Nordea Bank Abp (OTCMKTS:NRDBY) Upgraded to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Nordea Bank Abp (OTCMKTS:NRDBY) to a strong-buy rating in a report released on Friday, Zacks.com reports.

Nordea Bank Abp Trading Down 0.7 %

OTCMKTS:NRDBY opened at $11.87 on Friday. The company has a market cap of $41.61 billion, a PE ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 0.94. The business’s 50 day moving average is $11.59 and its two-hundred day moving average is $11.80. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 6.78. Nordea Bank Abp has a 52 week low of $10.42 and a 52 week high of $12.90.

Nordea Bank Abp (OTCMKTS:NRDBY) last released its quarterly earnings data on Monday, July 15th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.25 billion. Nordea Bank Abp had a net margin of 19.60% and a return on equity of 16.82%. On average, analysts predict that Nordea Bank Abp will post 1.52 EPS for the current year.

Nordea Bank Abp Company Profile

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.