Australia and New Zealand Banking Group (OTCMKTS:ANZBY) Hits New 12-Month Low at $17.43

Australia and New Zealand Banking Group Limited (OTCMKTS:ANZBYGet Rating) shares reached a new 52-week low on Thursday . The company traded as low as $17.43 and last traded at $17.78, with a volume of 98932 shares trading hands. The stock had previously closed at $17.65.

ANZBY has been the topic of several analyst reports. The Goldman Sachs Group downgraded shares of Australia and New Zealand Banking Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 4th. Credit Suisse Group upgraded Australia and New Zealand Banking Group from a “neutral” rating to an “outperform” rating in a research note on Monday, February 7th. Jefferies Financial Group downgraded Australia and New Zealand Banking Group from a “buy” rating to a “hold” rating in a report on Monday, February 7th. JPMorgan Chase & Co. upgraded Australia and New Zealand Banking Group from a “neutral” rating to an “overweight” rating in a report on Friday, January 21st. Finally, Zacks Investment Research cut Australia and New Zealand Banking Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.00.

The company has a fifty day moving average of $19.84 and a two-hundred day moving average of $19.81. 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 announced a dividend, which will be paid on Monday, July 11th. Stockholders of record on Thursday, May 19th will be given a $0.5047 dividend. The ex-dividend date is Wednesday, May 18th. This represents a dividend 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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