Zacks Investment Research Downgrades National Australia Bank (OTCMKTS:NABZY) to Sell

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National Australia Bank (OTCMKTS:NABZY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “National Australia Bank is an international financial services group providing a comprehensive and integrated range of financial services. “

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of National Australia Bank from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. ValuEngine downgraded shares of National Australia Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st.

Shares of National Australia Bank stock opened at $9.13 on Friday. The company’s fifty day simple moving average is $9.54 and its 200-day simple moving average is $9.12. The company has a market cap of $48.86 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.40 and a beta of 0.80. National Australia Bank has a 1 year low of $7.84 and a 1 year high of $10.43.

National Australia Bank Company Profile

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Asia, the United States, and the United Kingdom. It operates through Consumer Banking and Wealth, Business and Private Banking, Corporate and Institutional Banking, and New Zealand Banking segments.

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