National Bank of Canada (OTCMKTS:NTIOF) Stock Rating Lowered by Cibc World Mkts

National Bank of Canada (OTCMKTS:NTIOF) was downgraded by analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on NTIOF. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 15th.

National Bank of Canada Stock Down 0.3 %

Shares of OTCMKTS NTIOF opened at $86.99 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $90.53 and a 200 day moving average price of $92.22. National Bank of Canada has a 52 week low of $76.15 and a 52 week high of $100.08. The stock has a market capitalization of $34.03 billion, a price-to-earnings ratio of 11.08 and a beta of 1.07.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, December 4th. The financial services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.84 by $0.05. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. Equities research analysts anticipate that National Bank of Canada will post 7.63 EPS for the current fiscal year.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.