Australia & New Zealand Banking Group Ltd. (OTCMKTS:ANZBY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “

Australia & New Zealand Banking Group (OTCMKTS ANZBY) traded down 0.04% during mid-day trading on Monday, hitting $23.07. The stock had a trading volume of 27,629 shares. The company has a market capitalization of $67.06 billion, a P/E ratio of 14.59 and a beta of 1.29. The stock’s 50-day moving average is $23.62 and its 200 day moving average is $22.90. Australia & New Zealand Banking Group has a 52 week low of $20.15 and a 52 week high of $24.85.

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Australia & New Zealand Banking Group Company Profile

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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