National Bank of Greece (ADR) (NYSE:NBG) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. National Bank of Greece (ADR) (NYSE:NBG) net profit margin is 11.10% and weekly performance is 11.24%. On last trading day company shares ended up $3.86. Analysts mean target price for the company is $4.65. National Bank of Greece (ADR) (NYSE:NBG) distance from 50-day simple moving average (SMA50) is -8.28%.
On June 1, Commerzbank AG (ADR) (OTCMKTS:CRZBY) Chief Executive Officer Martin Blessing cut assets by 36 percent in the 18 months through the end of the first quarter and added about 245,000 new consumer-banking customers last year in an effort to turn around Germany’s second-largest bank after handing over a 25 percent stake to the government in 2009 in return for an 18.2 billion-euro ($24.8 billion) bailout. Commerzbank AG (ADR) (OTCMKTS:CRZBY) shares advanced 3.92% in last trading session and ended the day on $16.16.
On June 4, Alcatel Lucent SA (ADR) (NYSE:ALU) is planning to reimburse the Senior Secured Credit Facility that totals $1,750 million. Alcatel Lucent SA (ADR) (NYSE:ALU) is offering convertible bonds which are exchangeable for its shares. The company will have to reimburse $1,750 million in the Senior Secured Credit Facility for which it is offering the bonds. Two classes of bonds will have the exchange facility- one is 2019 bonds valid till January 30, 2019 with the nominal amount of €600 million ($822.29 million). The other class of bond is 2020 bonds with a maturity date of January 30, 2020, with a nominal amount of €400 million ($548.19 million). Alcatel Lucent SA (ADR) (NYSE:ALU) shares moved up 3.65% in last trading session and was closed at $3.98, while trading in range of $3.88 – $3.99. Alcatel Lucent SA (ADR) (NYSE:ALU) year to date (YTD) performance is -9.55%.
Finnish telecom giant Nokia Corporation (ADR) (NYSE:NOK) said it has completed the acquisition of the Australian company Mesaplexx Pty Limited in order to boost its radio capabilities in the networks business. Nokia Corporation (ADR) (NYSE:NOK) ended the last trading day at $8.04. Company weekly volatility is calculated as 1.87% and price to cash ratio as 2.37. Nokia Corporation (ADR) (NYSE:NOK) showed a positive weekly performance of 1.52%.
Palo Alto Networks Inc (NYSE:PANW) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because PANW is now in overbought territory with an RSI value of 70.17, according to Zack. Palo Alto Networks Inc (NYSE:PANW) net profit margin is -14.70% and weekly performance is 5.23%. On last trading day company shares ended up $77.00. Analysts mean target price for the company is $88.36. Palo Alto Networks Inc (NYSE:PANW) distance from 50-day simple moving average (SMA50) is 15.59%.
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