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Citigroup upgraded Nordea Bank (OTCMKTS:NRBAY) from Neutral to Buy in a report released today.

Citigroup has upgraded Nordea Bank (OTCMKTS:NRBAY) from Neutral to Buy in a report released on Thursday October 13, 2016.

Yesterday Nordea Bank (OTCMKTS:NRBAY) traded -0.75% lower at $10.01. The company’s 50-day moving average is $9.89 and its 200-day moving average is $9.36. The last stock close price is up 6.18% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 781 shares of the stock were exchanged, down from an average trading volume of 70,271

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Nordea Bank has a 52 week low of $7.76 and a 52 week high of $11.97 with a P/E ratio of 10.67 The company’s market cap is currently $0.

About Nordea Bank (OTCMKTS:NRBAY)

Nordea Bank AB (publ) provides retail and wholesale banking, and wealth management services to individuals, and corporate and institutional customers. The company offers deposits, cards, lending products, and net banking services; cash management services; trade and project finance services; asset based financing through leasing, hire purchase, and factoring; and investment, savings, and risk management products, as well as finance products to partners, such as vendors, dealers, and retailers. It also provides wealth planning, investment advisory, credit, and estate planning services to individuals, businesses, trusts, and foundations; and manages investment products, including internally and externally managed investment funds. In addition, the company offers funds, equity products, and consulting services related to asset allocation and funds; and tailor made solutions and syndicated loan transactions for the shipping, offshore, and oil services industries. Further, it provides financial instruments or arrangements for financial instruments in the financial marketplace; equity trading services; discretionary management services; portfolio advisory services; life insurance products and services; endowment products; and pension products and services. The company operates approximately 650 branch locations and call centers. Nordea Bank AB (publ) operates in Denmark, Finland, Norway, Sweden, Estonia, Latvia, Lithuania, and Russia. The company was founded in 1820 and is headquartered in Stockholm, Sweden.

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