Commonwealth Bank of Australia (OTCMKTS:CMWAY) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Commonwealth Bank of Australia (OTCMKTS:CMWAY) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Commonwealth Bank of Australia Trading Down 0.0%

Shares of Commonwealth Bank of Australia stock opened at $131.93 on Monday. The company has a 50-day simple moving average of $123.03 and a 200 day simple moving average of $112.17. Commonwealth Bank of Australia has a 12-month low of $96.94 and a 12-month high of $136.85.

About Commonwealth Bank of Australia

Commonwealth Bank of Australia is one of Australia’s largest banking and financial services organizations, offering a broad range of products for individual, business and institutional customers. Established by the federal government in 1911, the group has grown into a diversified financial services company that provides everyday banking, lending, payments, wealth management and insurance solutions. The company’s securities are listed on the Australian Securities Exchange and it also has American Depositary Receipts trading OTC under the symbol CMWAY.

Core activities include retail and business banking—deposit accounts, transaction services, mortgages, credit cards and personal and commercial lending—alongside institutional banking services such as corporate finance, markets and transaction banking.