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

Shares of National Bank of Canada (OTCMKTS:NTIOF) have received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company.

Several analysts have recently commented on NTIOF shares. Scotiabank upgraded shares of National Bank of Canada to a “strong-buy” rating in a research note on Thursday, May 15th. National Bankshares cut shares of National Bank of Canada from a “speculative buy” rating to an “underperform” rating in a research report on Friday, April 4th. CIBC reaffirmed a “neutral” rating on shares of National Bank of Canada in a research report on Wednesday, March 5th. Cormark lowered National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Cibc World Mkts lowered National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Friday, April 4th.

National Bank of Canada Stock Up 4.5%

Shares of OTCMKTS NTIOF opened at $96.00 on Friday. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $100.08. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $37.56 billion, a PE ratio of 12.23 and a beta of 1.00. The company’s fifty day simple moving average is $84.56 and its 200 day simple moving average is $88.92.

National Bank of Canada Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st were given a $0.7975 dividend. This represents a dividend yield of 3.86%. The ex-dividend date of this dividend was Monday, March 31st. National Bank of Canada’s dividend payout ratio (DPR) is currently 40.05%.

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.