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

National Bank of Canada (OTCMKTS:NTIOF) has been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages have recently weighed in on NTIOF. National Bankshares raised National Bank of Canada from an “underperform” rating to a “buy” rating in a report on Tuesday, November 11th. CIBC reiterated a “neutral” rating on shares of National Bank of Canada in a research report on Thursday, December 4th. Raymond James Financial began coverage on shares of National Bank of Canada in a research report on Monday, November 24th. They set a “hold” rating for the company. Zacks Research raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Finally, TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a research note on Thursday, December 4th.

National Bank of Canada Stock Performance

OTCMKTS NTIOF opened at $129.03 on Friday. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $129.11. The company has a fifty day simple moving average of $118.31 and a two-hundred day simple moving average of $109.89. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. The stock has a market cap of $50.36 billion, a P/E ratio of 17.85 and a beta of 0.90.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.13. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.43 billion. National Bank of Canada had a return on equity of 15.74% and a net margin of 13.07%. On average, analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current 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.