National Bank of Canada (OTCMKTS:NTIOF) Receives Average Rating of “Hold” from Brokerages

Shares of National Bank of Canada (OTCMKTS:NTIOF) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a strong buy recommendation on the company.

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

National Bank of Canada Trading Up 1.2%

OTCMKTS:NTIOF opened at $93.20 on Friday. National Bank of Canada has a 1 year low of $74.21 and a 1 year high of $100.08. The stock has a market cap of $36.47 billion, a P/E ratio of 11.87 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50-day simple moving average of $85.04 and a 200-day simple moving average of $88.98.

National Bank of Canada Cuts Dividend

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