ANZ (OTCMKTS:ANZBY) Receives Consensus Recommendation of “Hold” from Brokerages

ANZ (OTCMKTS:ANZBY) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company.

Several analysts recently weighed in on ANZBY shares. Zacks Investment Research downgraded shares of ANZ from a “hold” rating to a “sell” rating in a report on Monday, September 30th. ValuEngine cut ANZ from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group assumed coverage on ANZ in a research report on Friday, November 1st. They set an “underperform” rating for the company.

Shares of ANZ stock traded up $0.03 on Friday, reaching $17.20. The company had a trading volume of 145,843 shares, compared to its average volume of 67,464. The firm’s 50 day moving average price is $18.43 and its two-hundred day moving average price is $18.83. ANZ has a 52-week low of $15.98 and a 52-week high of $20.08. The firm has a market cap of $49.55 billion, a PE ratio of 8.69, a PEG ratio of 2.36 and a beta of 1.07.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, December 30th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.377 per share. The ex-dividend date is Friday, November 8th. ANZ’s dividend payout ratio (DPR) is presently 55.05%.

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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Analyst Recommendations for ANZ (OTCMKTS:ANZBY)

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