Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Upgraded at Zacks Research

Zacks Research upgraded shares of Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Grupo Financiero Banorte SAB de CV Stock Down 5.4%

GBOOY stock opened at $56.32 on Thursday. Grupo Financiero Banorte SAB de CV has a twelve month low of $32.00 and a twelve month high of $60.70. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41. The firm has a market cap of $31.69 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.63 and a beta of 0.83. The business has a 50 day moving average of $49.33 and a 200 day moving average of $47.63.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last released its earnings results on Tuesday, January 27th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. Grupo Financiero Banorte SAB de CV had a return on equity of 22.20% and a net margin of 13.50%.The business had revenue of $2.30 billion for the quarter. On average, research analysts forecast that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current fiscal year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.

Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.