Commonwealth Bank of Australia (OTCMKTS:CSLLY) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Commonwealth Bank of Australia (OTCMKTS:CSLLY) in a report released on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Commonwealth Bank of Australia from a hold rating to a sell rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Commonwealth Bank of Australia from a hold rating to a sell rating in a report on Monday, October 14th.

Shares of OTCMKTS:CSLLY traded up $0.40 on Monday, reaching $86.45. The company’s stock had a trading volume of 68,041 shares, compared to its average volume of 28,917. Commonwealth Bank of Australia has a 52-week low of $60.89 and a 52-week high of $86.89. The business has a 50-day moving average price of $81.33. The company has a market cap of $77.95 billion, a P/E ratio of 40.78 and a beta of 0.65. The company has a current ratio of 2.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81.

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, September 10th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 9th. Commonwealth Bank of Australia’s dividend payout ratio is currently 41.98%.

Commonwealth Bank of Australia Company Profile

CSL Limited researches, develops, manufactures, markets, and distributes biopharmaceutical and allied products in Australia, the United States, Germany, the United Kingdom, Switzerland, China, and internationally. The company operates through two segments, CSL Behring and Seqirus. The CSL Behring segment offers plasma therapies for the treatment of immunodeficiency, bleeding disorders, hereditary angioedema, Alpha-1 antitrypsin deficiency, and neurological disorders.

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