ANZ (OTCMKTS:ANZBY) Downgraded by ValuEngine to “Sell”

ValuEngine lowered shares of ANZ (OTCMKTS:ANZBY) from a hold rating to a sell rating in a research note released on Wednesday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the company. Goldman Sachs Group cut ANZ from a buy rating to a neutral rating in a research note on Wednesday, May 1st. Zacks Investment Research raised ANZ from a sell rating to a hold rating in a research note on Wednesday, June 5th. Finally, Credit Suisse Group cut ANZ from a neutral rating to an underperform rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $22.00.

OTCMKTS:ANZBY opened at $18.89 on Wednesday. ANZ has a 1 year low of $15.98 and a 1 year high of $22.28. The company has a market capitalization of $54.97 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09. The stock has a fifty day simple moving average of $19.41.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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