Commonwealth Bank of Australia (OTCMKTS:CMWAY) Raised to Strong-Buy at Zacks Research

Commonwealth Bank of Australia (OTCMKTS:CMWAY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group set a $130.18 target price on shares of Commonwealth Bank of Australia and gave the stock a “sell” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Commonwealth Bank of Australia presently has an average rating of “Moderate Buy” and an average price target of $130.18.

Commonwealth Bank of Australia Stock Performance

Shares of CMWAY stock opened at $105.46 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 company has a debt-to-equity ratio of 2.18, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $103.61 and its 200-day simple moving average is $108.66.

Commonwealth Bank of Australia Company Profile

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.