ANZ (ANZBY) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of ANZ (OTCMKTS:ANZBY) from a buy rating to a hold rating in a report published on Monday.

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. “

Other equities analysts have also issued reports about the stock. Deutsche Bank upgraded shares of ANZ from a hold rating to a buy rating in a research report on Monday, November 26th. ValuEngine lowered shares of ANZ from a hold rating to a sell rating in a research report on Friday, March 1st. Finally, Citigroup lowered shares of ANZ from a buy rating to a neutral rating in a research report on Tuesday, March 5th.

Shares of ANZ stock opened at $18.90 on Monday. The company has a market capitalization of $53.88 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.05 and a beta of 1.27. ANZ has a 52 week low of $15.98 and a 52 week high of $22.28. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.18 and a current ratio of 1.18.

ANZ Company Profile

Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch network, mortgage specialists, contact centers, and third party brokers, as well as self-service channels, such as Internet banking, phone banking, ATMs, Website, and digital banking; and banking products and financial services, including asset financing to medium to large commercial customers, agribusiness customers, small business owners, high net worth individuals, and family groups.

Further Reading: Reverse Stock Split

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