Zacks Investment Research downgrades Australian and New Zealand Banking Group (OTCMKTS:ANZBY) to Hold

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Australian and New Zealand Banking Group (OTCMKTS: ANZBYGet a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Tuesday to clients and investors, Zacks.com reports.

According to Zacks, “Austria and New Zealand Banking’s principal activities are the provision of general banking services, hire purchase and general financing, life insurance, property development, mortgages and other financial services. The Group operates in Australia, New Zealand, Europe, Asia, America and the Middle East.”

Several other stock analysts have also recently commented on ANZBY. Jefferies Financial Group downgraded shares of the Australian and New Zealand banking group from a “buy” rating to a “hold” rating in a Monday, February 7 research report. JPMorgan Chase & Co. upgraded the shares of the Australian and New Zealand banking group from a “neutral” rating to an “overweight” rating in a Friday, January 21 research report. Finally, Credit Suisse Group upgraded shares of the Australian and New Zealand banking group from a “neutral” rating to an “outperforming” rating in a Monday, February 7 research report. Three equity research analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.00.

Shares of OTCMKTS ANZBY traded down $0.26 during midday trading on Tuesday, hitting $19.49. 97,955 shares of the company have been traded, against an average volume of 96,202. The company has a debt ratio of 1.59, a quick ratio of 1.12 and a current ratio of 1.12. The Australian and New Zealand banking group has a 12-month low of $18.04 and a 12-month high of $22.90. The stock’s 50-day moving average price is $20.05 and its 200-day moving average price is $20.10.

Australian and New Zealand Banking Group Company Profile (Get a rating)

Australia and New Zealand Banking Group Limited provides a variety of banking and financial products and services in Australia and overseas. Its Australia Retail and Commercial division offers various products and services to consumer customers through the network of branches, mortgage specialists, contact centres, self-service channels and third-party brokers, as well as planning services. financial.

See also

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