Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Stock Rating Cut to “Strong Sell” at Zacks Research

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

Grupo Financiero Banorte SAB de CV Trading Down 0.1%

OTCMKTS GBOOY opened at $55.44 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $55.51 and a 200 day simple moving average of $55.04. Grupo Financiero Banorte SAB de CV has a 12 month low of $45.00 and a 12 month high of $63.81. The firm has a market capitalization of $31.19 billion, a P/E ratio of 9.35, a PEG ratio of 1.29 and a beta of 0.71.

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