National Bank of Canada (OTCMKTS:NTIOF) Upgraded at Cibc World Mkts

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

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

National Bank of Canada Trading Down 0.8 %

Shares of National Bank of Canada stock opened at $91.40 on Thursday. 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 has a fifty day simple moving average of $94.63 and a 200-day simple moving average of $90.63. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 11.64 and a beta of 1.07. National Bank of Canada has a 12-month low of $73.17 and a 12-month high of $100.08.

National Bank of Canada Increases Dividend

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

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.