National Bank of Canada (OTCMKTS:NTIOF) Given Average Recommendation of “Hold” by Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research note on Friday, December 5th. Desjardins raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Raymond James Financial began coverage on shares of National Bank of Canada in a research report on Monday, November 24th. They issued a “hold” rating for the company. National Bankshares upgraded shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a report on Tuesday, November 11th. Finally, TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 4th.

National Bank of Canada Stock Performance

OTCMKTS:NTIOF opened at $119.50 on Thursday. The company has a market cap of $46.60 billion, a P/E ratio of 16.53 and a beta of 0.90. The firm’s 50 day moving average is $123.46 and its two-hundred day moving average is $113.48. National Bank of Canada has a fifty-two week low of $74.21 and a fifty-two week high of $129.11. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.13. National Bank of Canada had a return on equity of 15.74% and a net margin of 13.07%.The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $3.43 billion. Analysts expect that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Company Profile

National Bank of Canada (OTCMKTS: NTIOF) is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.