ANZ (OTCMKTS:ANZBY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of ANZ (OTCMKTS:ANZBY) from a sell rating to a hold rating in a research note released on Monday morning, 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 finance, life assurance, property development, mortgage lending and other financial services. The Group operates within Australia, New Zealand, Europe, Asia, the Americas and the Middle East. “

Separately, ValuEngine lowered ANZ from a hold rating to a sell rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $22.00.

OTCMKTS:ANZBY opened at $18.91 on Monday. The business’s 50-day moving average price is $18.34 and its two-hundred day moving average price is $18.94. ANZ has a twelve month low of $15.98 and a twelve month high of $20.85. The stock has a market cap of $54.35 billion, a P/E ratio of 10.93, a PEG ratio of 1.10 and a beta of 1.12.

About ANZ

Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch network, mortgage specialists, contact centers, and third party brokers, as well as self-service channels, such as Internet banking, phone banking, ATMs, Website, and digital banking; and banking products and financial services, including asset financing to medium to large commercial customers, agribusiness customers, small business owners, high net worth individuals, and family groups.

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