National Bank of Canada (OTCMKTS:NTIOF) Lowered to “Hold” Rating by Cibc World Mkts

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

Other equities research analysts also recently issued reports about the company. Cormark upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 15th. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st.

National Bank of Canada Trading Down 0.3 %

Shares of NTIOF stock 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. National Bank of Canada has a fifty-two week low of $76.15 and a fifty-two week high of $100.08. The firm’s 50 day moving average price is $90.53 and its two-hundred day moving average price is $92.22. The stock has a market cap 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 posted its earnings results on Wednesday, December 4th. The financial services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.05. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. On average, analysts anticipate that National Bank of Canada will post 7.63 EPS for the current 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.