National Australia Bank (OTCMKTS:NABZY) Downgraded to “Equal Weight” at Morgan Stanley

Morgan Stanley cut shares of National Australia Bank (OTCMKTS:NABZY) from an overweight rating to an equal weight rating in a report published on Thursday morning, The Fly reports.

NABZY has been the subject of several other research reports. ValuEngine lowered National Australia Bank from a hold rating to a sell rating in a research report on Wednesday. Zacks Investment Research upgraded National Australia Bank from a sell rating to a hold rating in a report on Tuesday, July 16th.

Shares of OTCMKTS:NABZY traded down $0.12 during trading on Thursday, reaching $9.72. 29,723 shares of the company traded hands, compared to its average volume of 97,212. The firm’s fifty day simple moving average is $9.52. National Australia Bank has a 52-week low of $7.84 and a 52-week high of $10.56. The stock has a market capitalization of $51.99 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.47 and a beta of 0.78.

About National Australia Bank

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Asia, the United States, and the United Kingdom. It operates through Consumer Banking and Wealth, Business and Private Banking, Corporate and Institutional Banking, and New Zealand Banking segments.

Featured Story: What is the Federal Reserve?

The Fly

Receive News & Ratings for National Australia Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Australia Bank and related companies with MarketBeat.com's FREE daily email newsletter.