Bank of Montreal (BMO) Getting Somewhat Favorable Media Coverage, Study Shows

Media stories about Bank of Montreal (NYSE:BMO) (TSE:BMO) have trended somewhat positive this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bank of Montreal earned a coverage optimism score of 0.72 on their scale. InfoTrie also gave news headlines about the bank an news buzz score of 8 out of 10, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Bank of Montreal’s analysis:

Shares of BMO stock opened at $74.50 on Monday. Bank of Montreal has a 52-week low of $72.53 and a 52-week high of $84.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $47.70 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10.

A number of brokerages recently issued reports on BMO. Zacks Investment Research raised Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Friday. Canaccord Genuity reissued a “buy” rating on shares of Bank of Montreal in a research note on Thursday, November 22nd. Barclays reissued a “hold” rating on shares of Bank of Montreal in a research note on Friday, November 16th. Finally, ValuEngine lowered Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Bank of Montreal currently has an average rating of “Hold” and an average target price of $104.67.

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About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

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