Nordea Bank AB (OTC:NRBAY) was upgraded by investment analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, reports.

A number of other equities analysts have also weighed in on NRBAY. Credit Suisse Group AG upgraded Nordea Bank AB from a “neutral” rating to an “outperform” rating in a research report on Monday, July 18th. JPMorgan Chase & Co. lowered Nordea Bank AB from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 23rd.

Shares of Nordea Bank AB (OTC:NRBAY) traded down 0.40% during mid-day trading on Thursday, hitting $9.97. The stock had a trading volume of 9,526 shares. The company has a 50-day moving average of $9.89 and a 200 day moving average of $9.36. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 10.71 and a beta of 0.89. Nordea Bank AB has a one year low of $7.76 and a one year high of $11.97.

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