National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Recommendation of “Hold” by Analysts

National Bank of Canada (OTCMKTS:NTIOF) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several equities analysts have recently weighed in on the stock. Raymond James Financial started coverage on shares of National Bank of Canada in a research report on Monday, November 24th. They issued a “hold” rating on the stock. Zacks Research upgraded shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, November 25th. Desjardins upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Finally, National Bankshares raised National Bank of Canada from an “underperform” rating to a “buy” rating in a report on Tuesday, November 11th.

National Bank of Canada Price Performance

Shares of NTIOF opened at $122.63 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $111.80 and its 200 day simple moving average is $106.21. National Bank of Canada has a 1-year low of $74.21 and a 1-year high of $122.63. The company has a market cap of $47.94 billion, a price-to-earnings ratio of 16.73 and a beta of 0.90.

National Bank of Canada Cuts Dividend

The business also recently announced a dividend, which was paid on Saturday, November 1st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.8531 per share. This represents a dividend yield of 313.0%. The ex-dividend date was Monday, September 29th. National Bank of Canada’s dividend payout ratio is presently 46.79%.

About National Bank of Canada

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.