Grupo Financiero Banorte (OTCMKTS:GBOOY – Get Rating) was downgraded by equities research analysts at Scotiabank from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Friday, The Fly reports.
Grupo Financiero Banorte Stock Performance
Shares of Grupo Financiero Banorte stock opened at $40.50 on Friday. The company has a fifty day moving average of $38.71 and a 200-day moving average of $34.68. Grupo Financiero Banorte has a 52-week low of $26.44 and a 52-week high of $43.00. The stock has a market capitalization of $23.36 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.52 and a beta of 1.11.
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Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services.Further Reading
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