Grupo Financiero Banorte (OTCMKTS:GBOOY – Get Rating) was downgraded by equities researchers at Scotiabank from an "outperform" rating to a "sector perform" rating in a research report issued to clients and investors on Friday, The Fly reports.
Grupo Financiero Banorte Price Performance
Shares of OTCMKTS GBOOY opened at $41.27 on Friday. The firm's 50 day simple moving average is $38.76 and its 200-day simple moving average is $34.83. Grupo Financiero Banorte has a 12 month low of $26.44 and a 12 month high of $43.00. The stock has a market capitalization of $23.80 billion, a price-to-earnings ratio of 12.98, a PEG 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.Read More
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