Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Stock Rating Lowered by Zacks Research

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

Grupo Financiero Banorte SAB de CV Stock Down 0.1%

Shares of OTCMKTS GBOOY opened at $55.44 on Monday. The firm’s 50-day simple moving average is $55.51 and its 200 day simple moving average is $55.04. The company has a market cap of $31.19 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 1.29 and a beta of 0.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.64. Grupo Financiero Banorte SAB de CV has a 12-month low of $45.00 and a 12-month high of $63.81.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.29 billion. Grupo Financiero Banorte SAB de CV had a net margin of 14.97% and a return on equity of 22.30%. On average, research analysts expect that Grupo Financiero Banorte SAB de CV will post 6.13 earnings per share for the current fiscal year.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company and the parent organization of Grupo Financiero Banorte. Through its subsidiaries, the group provides banking, insurance, retirement savings, investment, brokerage and other financial services to individuals, small and medium-sized businesses, corporations and government entities.

Its principal banking subsidiary, Banco Mercantil del Norte, operates under the Banorte brand and offers deposit accounts, consumer and commercial loans, mortgages, credit cards, payment services, investment products and digital banking.