Australia and New Zealand Banking Group (OTCMKTS:ANZBY) Share Price Passes Below 200-Day Moving Average of $19.63

Australia and New Zealand Banking Group Limited (OTCMKTS:ANZBYGet Rating) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.63 and traded as low as $17.84. Australia and New Zealand Banking Group shares last traded at $17.86, with a volume of 111,969 shares traded.

ANZBY has been the subject of a number of research analyst reports. Credit Suisse Group raised shares of Australia and New Zealand Banking Group from a “neutral” rating to an “outperform” rating in a research report on Monday, February 7th. Zacks Investment Research lowered shares of Australia and New Zealand Banking Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Jefferies Financial Group lowered shares of Australia and New Zealand Banking Group from a “buy” rating to a “hold” rating in a research report on Monday, February 7th. Finally, The Goldman Sachs Group lowered shares of Australia and New Zealand Banking Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.00.

The business has a fifty day moving average of $19.36 and a 200 day moving average of $19.60. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.59.

The company also recently disclosed a dividend, which will be paid on Monday, July 11th. Investors of record on Thursday, May 19th will be issued a $0.5047 dividend. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a yield of 5.54%.

Australia and New Zealand Banking Group Company Profile (OTCMKTS:ANZBY)

Australia and New Zealand Banking Group Limited provides various banking and financial products and services in Australia and internationally. Its Australia Retail and Commercial division offers various products and services to consumer customers through the branch network, mortgage specialists, contact centers, self-service channels, and third-party brokers, as well as financial planning services.

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