National Bank of Canada (NTIOF) Upgraded at Zacks Investment Research

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National Bank of Canada (OTCMKTS:NTIOF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “National Bank of Canada provides banking services, including retail, corporate and investment banking. It operates in three business segments, personal and commercial, wealth management, and financial markets. The personal and Commercial Banking segment offers a range of services, including credit, deposit and investment solutions and international trade services. Wealth Management provides financial advice, investment solutions, products and specialized services. Financial Markets provides corporate, public sector and institutional clients with banking and investment banking service. “

NTIOF has been the topic of several other research reports. Canaccord Genuity reaffirmed a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 6th. ValuEngine raised National Bank of Canada from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Barclays reaffirmed a “hold” rating on shares of National Bank of Canada in a research report on Friday, November 16th. TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 6th. Finally, Desjardins reaffirmed a “hold” rating on shares of National Bank of Canada in a research report on Tuesday, December 11th. Six research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $52.00.

OTCMKTS:NTIOF opened at $44.88 on Thursday. National Bank of Canada has a fifty-two week low of $39.85 and a fifty-two week high of $53.84. The firm has a market cap of $14.77 billion, a P/E ratio of 9.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.80.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, December 5th. The financial services provider reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. National Bank of Canada had a return on equity of 18.58% and a net margin of 20.02%. Sell-side analysts forecast that National Bank of Canada will post 4.81 EPS for the current year.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

Further Reading: Ex-Dividend

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