Grupo Financiero Banorte (OTCMKTS:GBOOY) Stock Crosses Above 50-Day Moving Average of $36.71

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOYGet Rating)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $36.71 and traded as high as $39.63. Grupo Financiero Banorte shares last traded at $39.63, with a volume of 9,427 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on GBOOY. Citigroup upgraded Grupo Financiero Banorte from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 23rd. HSBC upgraded Grupo Financiero Banorte from a “hold” rating to a “buy” rating in a research report on Monday, August 8th.

Grupo Financiero Banorte Trading Up 3.6 %

The business has a 50 day moving average of $36.71 and a 200-day moving average of $32.39. The stock has a market cap of $22.85 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12.

Grupo Financiero Banorte Company Profile

(Get Rating)

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services.

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