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National Bank of Greece (ADR) (NYSE:NBG) was upgraded by equities researchers at BofA Merrill Lynch from an “underperform” rating to a “neutral” rating in a research report issued on Friday, StockRatingsNetwork.com reports.

National Bank of Greece (NYSE:NBG) traded up 2.55% during mid-day trading on Friday, hitting $3.62. 6,732,757 shares of the company’s stock traded hands. National Bank of Greece has a 52-week low of $2.85 and a 52-week high of $24.70. The stock has a 50-day moving average of $4.70 and a 200-day moving average of $5.24. The company has a market cap of $8.675 billion and a price-to-earnings ratio of 4.09. National Bank of Greece (ADR) also saw some unusual options trading activity on Thursday. Traders acquired 18,184 call options on the company. This is an increase of 449% compared to the typical volume of 3,311 call options.

Several other analysts have also recently commented on the stock. Analysts at Bank of America upgraded shares of National Bank of Greece (ADR) from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Separately, analysts at Deutsche Bank downgraded shares of National Bank of Greece (ADR) to a “buy” rating in a research note on Thursday, April 17th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of National Bank of Greece (ADR) from an “underweight” rating to a “neutral” rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. National Bank of Greece (ADR) has an average rating of “Hold”.

National Bank of Greece SA (NYSE:NBG) is a Greece-based financial institution.

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