National Bank of Canada (OTCMKTS:NTIOF) Upgraded by Cibc World Mkts to Strong-Buy Rating

Cibc World Mkts upgraded shares of National Bank of Canada (OTCMKTS:NTIOFFree Report) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

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

View Our Latest Stock Analysis on National Bank of Canada

National Bank of Canada Stock Performance

OTCMKTS:NTIOF opened at $91.40 on Thursday. National Bank of Canada has a twelve month low of $73.17 and a twelve month high of $100.08. The company has a market cap of $31.13 billion, a P/E ratio of 11.64 and a beta of 1.07. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $94.63 and its 200-day moving average price is $90.63.

National Bank of Canada Increases Dividend

The business also recently announced a dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, December 31st will be issued a $0.8104 dividend. The ex-dividend date is Monday, December 30th. This is a positive change from National Bank of Canada’s previous dividend of $0.81. This represents a yield of 3.53%. National Bank of Canada’s dividend payout ratio (DPR) is 41.02%.

About National Bank of Canada

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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.

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