Cormark Upgrades National Bank of Canada (OTCMKTS:NTIOF) to Moderate Buy

National Bank of Canada (OTCMKTS:NTIOF) was upgraded by equities researchers at Cormark from a “hold” rating to a “moderate buy” rating in a report released on Wednesday,Zacks.com reports.

Several other research firms have also commented on NTIOF. 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. Cibc World Mkts raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

National Bank of Canada Price Performance

Shares of National Bank of Canada stock opened at $91.19 on Wednesday. The stock has a market cap of $31.08 billion, a price-to-earnings ratio of 11.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day moving average price of $94.42 and a 200-day moving average price of $90.98. National Bank of Canada has a one year low of $73.17 and a one year high of $100.08.

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.