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

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

A number of other research analysts also recently weighed in on the company. Zacks Research downgraded National Bank of Canada from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. National Bankshares raised National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday. Cibc World Mkts raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

National Bank of Canada Trading Up 1.5%

OTCMKTS:NTIOF opened at $116.48 on Tuesday. The firm has a market cap of $45.54 billion, a P/E ratio of 15.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. National Bank of Canada has a 52 week low of $74.21 and a 52 week high of $116.48. The firm’s fifty day moving average is $109.14 and its 200-day moving average is $103.32.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $3.47 billion. National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. Equities analysts expect that National Bank of Canada will post 7.63 earnings per share for the current year.

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.