National Bank of Canada (NTIOF) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from a sell rating to a hold rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “National Bank of Canada provides banking services, including retail, corporate and investment banking. It operates in three business segments, personal and commercial, wealth management, and financial markets. The personal and Commercial Banking segment offers a range of services, including credit, deposit and investment solutions and international trade services. Wealth Management provides financial advice, investment solutions, products and specialized services. Financial Markets provides corporate, public sector and institutional clients with banking and investment banking service. “

A number of other research firms have also recently commented on NTIOF. Barclays restated a hold rating on shares of National Bank of Canada in a research report on Thursday, December 6th. Canaccord Genuity reaffirmed a hold rating on shares of National Bank of Canada in a report on Thursday, December 6th. TD Securities reaffirmed a hold rating on shares of National Bank of Canada in a report on Thursday, December 6th. Desjardins reiterated a hold rating on shares of National Bank of Canada in a research report on Tuesday, December 11th. Finally, ValuEngine raised National Bank of Canada from a sell rating to a hold rating in a report on Friday, January 4th. Six equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and an average target price of $52.00.

National Bank of Canada stock opened at $46.26 on Thursday. The company has a market capitalization of $15.59 billion, a price-to-earnings ratio of 9.93 and a beta of 1.27. National Bank of Canada has a 12 month low of $39.85 and a 12 month high of $51.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.80.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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