Australia and New Zealand Banking (OTCMKTS:ANZBY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a 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. The company’s stock had a trading volume of 7,408 shares. Australia and New Zealand Banking has a 12 month low of $15.63 and a 12 month high of $21.17. The company’s 50-day moving average is $20.05 and its 200-day moving average is $18.74. The stock has a market cap of $58.47 billion, a PE ratio of 12.22 and a beta of 1.64.

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About Australia and New Zealand Banking

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).

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