Zacks Investment Research Downgrades National Bank of Canada (NTIOF) to Sell

National Bank of Canada (OTCMKTS:NTIOF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

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. “

Separately, ValuEngine raised shares of National Bank of Canada from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.40.

Shares of National Bank of Canada (OTCMKTS NTIOF) opened at $49.94 on Wednesday. The firm has a market cap of $16,950.00, a P/E ratio of 12.52 and a beta of 1.33. National Bank of Canada has a twelve month low of $36.83 and a twelve month high of $50.05.

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