Australia & New Zealand Banking Group Ltd. (OTCMKTS:ANZBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $26.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 7.62% from the company’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. “

Shares of Australia & New Zealand Banking Group (OTCMKTS:ANZBY) traded up 3.34% during trading on Wednesday, reaching $24.16. The company’s stock had a trading volume of 26,356 shares. Australia & New Zealand Banking Group has a 12-month low of $19.06 and a 12-month high of $24.85.

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About Australia & New Zealand Banking Group

Australia and New Zealand Banking Group Limited provides a range of banking and financial products and services. The Company’s segments include Australia; New Zealand; Institutional; Asia Retail & Pacific; Wealth Australia, and Technology, Services and Operations (TSO) and Group Centre. The Company’s operations span Australia, New Zealand, and a number of countries in the Asia Pacific region, the United Kingdom, France, Germany and the United States.

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