ANZ (ANZBY) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of ANZ (OTCMKTS:ANZBY) from a sell rating to a hold rating in a report released on Tuesday, Zacks.com reports.

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. “

A number of other equities research analysts have also recently issued reports on ANZBY. ValuEngine cut shares of ANZ from a hold rating to a sell rating in a report on Friday, March 1st. Citigroup cut shares of ANZ from a buy rating to a neutral rating in a report on Tuesday, March 5th. Credit Suisse Group cut shares of ANZ from a neutral rating to an underperform rating in a report on Wednesday, May 1st. Finally, Goldman Sachs Group cut shares of ANZ from a buy rating to a neutral rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $22.00.

ANZ stock opened at $18.21 on Tuesday. ANZ has a 12 month low of $15.98 and a 12 month high of $22.28. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $52.49 billion, a P/E ratio of 10.53, a PEG ratio of 1.00 and a beta of 1.26.

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 11th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.553 per share. The ex-dividend date is Friday, May 10th. ANZ’s payout ratio is 64.16%.

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.

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