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

National Bank of Canada (OTCMKTS:NTIOF) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of analysts recently weighed in on the stock. National Bankshares raised shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a report on Tuesday, November 11th. Desjardins raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Friday, January 9th. Raymond James Financial began coverage on National Bank of Canada in a report on Monday, November 24th. They issued a “hold” rating on the stock. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th.

National Bank of Canada Stock Performance

OTCMKTS NTIOF opened at $120.91 on Thursday. The firm has a market cap of $47.15 billion, a P/E ratio of 16.72 and a beta of 0.90. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $123.20 and its 200-day moving average is $113.14. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $129.11.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.13. National Bank of Canada had a return on equity of 15.74% and a net margin of 13.07%.The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Sell-side analysts predict that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Company Profile

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.