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

National Bank of Canada (OTCMKTS:NTIOF) was upgraded by investment analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on NTIOF. Cibc World Mkts raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st.

National Bank of Canada Trading Down 1.5 %

Shares of OTCMKTS:NTIOF opened at $91.19 on Wednesday. National Bank of Canada has a 52-week low of $73.17 and a 52-week high of $100.08. 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 company has a market capitalization of $31.08 billion, a P/E ratio of 11.62 and a beta of 1.07. The company has a 50-day simple moving average of $94.42 and a 200 day simple moving average of $90.98.

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.