National Australia Bank (OTCMKTS:NABZY) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of National Australia Bank (OTCMKTS:NABZY) from a hold rating to a sell rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “National Australia Bank is an international financial services group providing a comprehensive and integrated range of financial services. “

Several other research analysts also recently weighed in on NABZY. ValuEngine downgraded National Australia Bank from a hold rating to a sell rating in a research note on Wednesday, July 31st. Morgan Stanley downgraded National Australia Bank from an overweight rating to an equal weight rating in a research note on Thursday, August 1st. Finally, Macquarie downgraded National Australia Bank from an outperform rating to a neutral rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold.

NABZY stock opened at $9.55 on Tuesday. The company has a market capitalization of $53.55 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 1.45 and a beta of 0.79. National Australia Bank has a fifty-two week low of $7.84 and a fifty-two week high of $10.38. The stock has a fifty day moving average of $9.62 and a 200-day moving average of $9.31.

National Australia Bank Company Profile

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.

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