Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Rating Lowered to Hold at Zacks Research

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Grupo Financiero Banorte SAB de CV Price Performance

Shares of GBOOY stock opened at $55.46 on Monday. Grupo Financiero Banorte SAB de CV has a 52 week low of $32.00 and a 52 week high of $62.89. The stock has a market capitalization of $31.20 billion, a PE ratio of 10.21, a PEG ratio of 1.01 and a beta of 0.81. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.23. The stock’s fifty day moving average is $56.05 and its 200-day moving average is $50.92.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. Grupo Financiero Banorte SAB de CV had a return on equity of 22.20% and a net margin of 13.50%.The business had revenue of $2.30 billion during the quarter. Equities research analysts expect that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current fiscal year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.