Zacks Investment Research downgraded shares of Australia & New Zealand Banking Group Ltd. (OTCMKTS:ANZBY) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “Austria and New Zealand Banking’s principal activities are the provision of general banking services, hire purchase and general finance, life assurance, property development, mortgage lending and other financial services. The Group operates within Australia, New Zealand, Europe, Asia, the Americas and the Middle East. “

Shares of Australia & New Zealand Banking Group (OTCMKTS:ANZBY) opened at 20.20 on Tuesday. The firm has a market capitalization of $58.47 billion, a PE ratio of 12.22 and a beta of 1.64. Australia & New Zealand Banking Group has a 52 week low of $15.63 and a 52 week high of $21.17. The stock has a 50 day moving average price of $20.08 and a 200-day moving average price of $18.75.

About Australia & New Zealand Banking Group

Australia and New Zealand Banking Group Limited (ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. The Company conducts its operations in Australia, New Zealand and the Asia Pacific region. The Company has 1,220 branches and other points of representation excluding Automatic Teller Machines (ATMs).

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