Zacks Investment Research upgraded shares of ANZ (OTCMKTS:ANZBY) from a sell rating to a hold rating in a research note issued to investors on Monday, 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 cut ANZ from a hold rating to a sell rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $22.00.

ANZBY opened at $18.91 on Monday. The stock has a market cap of $54.35 billion, a PE ratio of 10.93, a PEG ratio of 1.10 and a beta of 1.12. The business has a 50 day moving average of $18.34 and a 200-day moving average of $18.94. ANZ has a 52 week low of $15.98 and a 52 week high of $20.85.

ANZ Company Profile

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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