articles | 15 April 2014

Bank of Cyprus downgraded by EVA Dimensions to sell

EVA Dimensions downgraded shares of Bank of Cyprus (NYSE:NBG) from a hold rating to a sell rating in a research note released recently, reports.

EVA Dimensions has also updated their ratings on a number of other stocks in the last week. The firm upgraded shares of Albany Molecular Research from a sell rating to an underweight rating. Also, EVA Dimensions upgraded shares of SouFun Holdings Ltd from an overweight rating to a buy rating. Finally, EVA Dimensions upgraded shares of China Finance  Online Co. from an underweight rating to a hold rating.

Separately, analysts at DeutscheBank initiated coverage on shares of Bank of Cyprus in a research note on Monday, March 10th. They set a buy rating on the stock.

Bank of Cyprus (NYSE:NBG) traded down 11.85% on Friday, hitting $4.61. The stock had a trading volume of 3,403,494 shares. Bank of Cyprus has a 1-year low of $2.85 and a 1-year high of $24.70. The stock has a 50-day moving average of $5.2 and a 200-day moving average of $5.34. The company has a market cap of $11.047 billion and a price-to-earnings ratio of 6.48.

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

Source: Wkrb13

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