National Australia Bank (OTCMKTS:NABZY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of National Australia Bank (OTCMKTS:NABZY) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

NABZY has been the subject of several other research reports. The Goldman Sachs Group upgraded shares of National Australia Bank to a “strong sell” rating in a research note on Wednesday, October 8th. National Bankshares initiated coverage on National Australia Bank in a research report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, National Australia Bank has an average rating of “Hold” and an average target price of $38.00.

National Australia Bank Stock Down 1.4%

NABZY stock traded down $0.20 during trading on Monday, hitting $14.03. 31,802 shares of the company’s stock were exchanged, compared to its average volume of 167,585. The business has a 50-day moving average price of $13.80 and a two-hundred day moving average price of $13.70. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.23 and a quick ratio of 1.23. National Australia Bank has a 52-week low of $9.32 and a 52-week high of $15.13.

About National Australia Bank

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.