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

National Bank of Canada (OTCMKTS:NTIOF) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th.

National Bank of Canada Stock Performance

OTCMKTS NTIOF opened at $98.56 on Thursday. The stock has a market capitalization of $33.57 billion, a price-to-earnings ratio of 13.18 and a beta of 1.07. National Bank of Canada has a twelve month low of $64.93 and a twelve month high of $98.76. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $95.04 and a 200 day moving average of $87.94.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share for the quarter. The company had revenue of $2.18 billion during the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%. Sell-side analysts anticipate that National Bank of Canada will post 7.53 EPS for the current fiscal year.

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.