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

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

A number of other brokerages have also issued reports on NTIOF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. National Bank Financial lowered shares of National Bank of Canada from a “neutral” rating to a “hold” rating in a research report on Tuesday. Raymond James Financial reaffirmed a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Finally, Zacks Research downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

OTCMKTS:NTIOF opened at $161.63 on Tuesday. The stock has a 50-day moving average price of $156.44 and a 200 day moving average price of $143.43. The stock has a market capitalization of $62.14 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.46 and a beta of 0.87. National Bank of Canada has a 12-month low of $103.35 and a 12-month high of $171.47. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.07. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%.The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Equities research analysts forecast that National Bank of Canada will post 9.21 EPS for the current fiscal year.

About National Bank of Canada

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.