National Australia Bank (OTCMKTS:NABZY) Cut to Hold at Zacks Research

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

Several other equities analysts also recently commented on NABZY. Macquarie Infrastructure raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, National Australia Bank has an average rating of “Hold” and an average price target of $38.00.

National Australia Bank Price Performance

NABZY stock opened at $14.30 on Tuesday. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.23 and a current ratio of 1.23. National Australia Bank has a 1-year low of $10.95 and a 1-year high of $18.13. The business has a 50 day simple moving average of $15.94 and a two-hundred day simple moving average of $14.81.

National Australia Bank Company Profile

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.