National Bank of Canada (OTCMKTS:NTIOF) Raised to Strong-Buy at Cibc World Mkts

National Bank of Canada (OTCMKTS:NTIOF) was upgraded by equities researchers at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Separately, Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st.

National Bank of Canada Stock Down 0.8 %

Shares of National Bank of Canada stock opened at $91.40 on Thursday. 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 business has a 50-day moving average price of $94.63 and a 200 day moving average price of $90.63. National Bank of Canada has a fifty-two week low of $73.17 and a fifty-two week high of $100.08. The firm has a market cap of $31.13 billion, a P/E ratio of 11.64 and a beta of 1.07.

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.