Australia & New Zealand Banking Group Ltd. (OTCMKTS:ANZBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $23.00 price target on the stock. Zacks Investment Research’s price target indicates a potential upside of 10.58% from the stock’s current price.

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 & New Zealand Banking Group (OTCMKTS:ANZBY) traded up 2.97% during mid-day trading on Wednesday, reaching $20.80. The company had a trading volume of 51,715 shares. The company has a market capitalization of $60.21 billion, a P/E ratio of 12.58 and a beta of 1.64. The stock has a 50 day moving average price of $20.08 and a 200 day moving average price of $18.75. Australia & New Zealand Banking Group has a one year low of $15.63 and a one year high of $21.17.

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Australia & New Zealand Banking Group 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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