Published On: Tue, Sep 20th, 2016

Zacks Investment Research Downgrades Australia and New Zealand Banking (ANZBY) to Hold

Australia and New Zealand Banking (OTCMKTS:ANZBY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
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. “
Australia and New Zealand Banking (OTCMKTS:ANZBY) traded up 0.60% during trading on Tuesday, reaching $20.20. 7,408 shares of the company were exchanged. Australia and New Zealand Banking has a 52-week low of $15.63 and a 52-week high of $21.17. The stock has a market capitalization of $58.47 billion, a PE ratio of 12.22 and a beta of 1.64. The firm’s 50 day moving average is $20.05 and its 200 day moving average is $18.74.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

Australia and New Zealand Banking Company Profile
Australia and New Zealand Banking Group Limited (ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. The Company conducts its operations in Australia, New Zealand and the Asia Pacific region. The Company has 1,220 branches and other points of representation excluding Automatic Teller Machines (ATMs).
Get a free copy of the Zacks research report on Australia and New Zealand Banking (ANZBY)
For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Australia and New Zealand Banking Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Australia and New Zealand Banking and related companies with’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>