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

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

Shares of Nordea Bank AB (OTC:NRBAY) traded up 0.20% during trading on Thursday, hitting $10.03. The company had a trading volume of 35,671 shares. Nordea Bank AB has a 1-year low of $7.76 and a 1-year high of $11.97. The firm has a market capitalization of $40.07 billion, a P/E ratio of 10.77 and a beta of 0.89. The company’s 50 day moving average is $9.91 and its 200 day moving average is $9.36.

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