National Bank of Canada (OTCMKTS:NTIOF) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research raised National Bank of Canada from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. National Bank of Canada currently has an average rating of “Hold” and a consensus price target of $59.00.

Shares of OTCMKTS NTIOF traded up $0.76 during mid-day trading on Tuesday, reaching $50.76. 3,751 shares of the company’s stock were exchanged, compared to its average volume of 8,636. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 10.89 and a beta of 1.27. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $48.53 and a 200 day simple moving average of $47.39. National Bank of Canada has a twelve month low of $39.85 and a twelve month high of $51.00.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.06. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. National Bank of Canada had a return on equity of 18.16% and a net margin of 18.84%.

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.

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Analyst Recommendations for National Bank of Canada (OTCMKTS:NTIOF)

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