Cibc World Mkts Upgrades National Bank of Canada (OTCMKTS:NTIOF) to "Strong-Buy"

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

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

National Bank of Canada Stock Down 0.8 %

National Bank of Canada stock traded down $0.75 during mid-day trading on Thursday, reaching $91.40. The company's stock had a trading volume of 133,862 shares, compared to its average volume of 63,794. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. National Bank of Canada has a 12 month low of $73.17 and a 12 month high of $100.08. The business's 50 day simple moving average is $94.63 and its 200 day simple moving average is $90.71. The company has a market capitalization of $31.13 billion, a price-to-earnings ratio of 11.64 and a beta of 1.07.

National Bank of Canada Increases Dividend

The company also recently declared a dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, December 31st will be paid a $0.8104 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a yield of 3.53%. This is a boost from National Bank of Canada's previous dividend of $0.81. National Bank of Canada's dividend payout ratio (DPR) is currently 41.02%.

National Bank of Canada Company Profile

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.