National Bank of Canada Downgraded by Desjardins

The National Bank of Canada (OTCMKTS:NTIOF) has seen its stock rating downgraded by Desjardins from 'moderate buy' to 'hold', according to a research note issued on Tuesday. This is not the only negative review the bank has received recently, as Zacks Research also downgraded NTIOF from a 'strong-buy' rating to a 'hold' rating in a report released on April 27th.

The company's stock price opened at $161.63 on Tuesday and has a market cap of $62.14 billion. National Bank of Canada has a debt-to-equity ratio of 0.11, a current ratio of 0.74, and a quick ratio of 0.74. The bank's financial performance was also impressive, with earnings per share (EPS) beating analysts' consensus estimates by $0.07 in its last quarter.

Despite the downgrade, National Bank of Canada still has an average rating of 'hold' among analysts, with one analyst giving a 'buy' rating and seven holding a 'hold' rating. The company's stock performance is also impressive, with a 1 year high of $171.47 and a 1 year low of $103.35.