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.

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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).

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