National Australia Bank (OTCMKTS:NABZY) Rating Lowered to “Strong Sell” at Zacks Research

National Australia Bank (OTCMKTS:NABZY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

NABZY has been the subject of several other research reports. The Goldman Sachs Group upgraded shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. National Bank Financial upgraded shares of National Australia Bank from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

National Australia Bank Stock Performance

NABZY stock traded up $0.32 during mid-day trading on Thursday, reaching $13.71. The company had a trading volume of 212,210 shares, compared to its average volume of 231,708. National Australia Bank has a one year low of $12.41 and a one year high of $18.13. The stock’s 50-day simple moving average is $13.75 and its two-hundred day simple moving average is $14.39.

About National Australia Bank

National Australia Bank (NAB) is one of Australia’s major banking groups, providing financial services to individuals, businesses and institutional clients. Its offerings include everyday banking and savings accounts, home and personal loans, credit cards, payments, and business lending and banking services.

NAB also provides corporate and institutional banking, including transaction banking, financing and markets services. Its operations are centered in Australia and New Zealand, where it operates Bank of New Zealand, and it serves business and institutional customers in other international markets.

The modern National Australia Bank was formed in 1982 through the merger of the National Bank of Australasia and the Commercial Banking Company of Sydney.