Commonwealth Bank of Australia (OTCMKTS:CMWAY) Upgraded at Zacks Research

Zacks Research upgraded shares of Commonwealth Bank of Australia (OTCMKTS:CMWAY) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Separately, The Goldman Sachs Group set a $130.18 price objective on Commonwealth Bank of Australia and gave the stock a “sell” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Commonwealth Bank of Australia has a consensus rating of “Moderate Buy” and an average target price of $130.18.

Commonwealth Bank of Australia Stock Down 2.0%

Shares of CMWAY opened at $103.30 on Wednesday. Commonwealth Bank of Australia has a fifty-two week low of $85.22 and a fifty-two week high of $127.74. The firm’s 50 day moving average price is $103.68 and its 200 day moving average price is $108.56. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.18.

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.