ANZ (ANZBY) Lowered to “Sell” at Zacks Investment Research

ANZ (OTCMKTS:ANZBY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “

Separately, Deutsche Bank upgraded shares of ANZ from a “hold” rating to a “buy” rating in a research report on Monday.

ANZBY traded up $0.13 during trading on Monday, hitting $19.28. The company’s stock had a trading volume of 54,192 shares, compared to its average volume of 57,289. ANZ has a one year low of $17.39 and a one year high of $23.38. The company has a market capitalization of $55.23 billion, a PE ratio of 11.14, a PEG ratio of 1.04 and a beta of 1.26.

About ANZ

Australia and New Zealand Banking Group Limited, together with its subsidiaries, provides various banking and financial products and services to individual and business customers. The company's Australia division offers retail products and services to consumer and private banking customers in Australia through the branch network, mortgage specialists, the contact center, and various self-service channels, such as Internet banking, phone banking, ATMs, Website, and digital banking; and corporate and commercial banking services comprising financial solutions through dedicated managers focusing on privately owned small, medium, and large enterprises, as well as the agricultural business segment.

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