Zacks Investment Research upgraded shares of ANZ (OTCMKTS:ANZBY) from a sell rating to a hold rating in a report issued on Tuesday.

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. “

Separately, Deutsche Bank upgraded ANZ from a hold rating to a buy rating in a research note on Monday, November 26th.

OTCMKTS ANZBY opened at $18.43 on Tuesday. ANZ has a 12-month low of $17.39 and a 12-month high of $23.38. The firm has a market capitalization of $55.29 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.31.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.557 per share. The ex-dividend date is Friday, November 9th. ANZ’s dividend payout ratio (DPR) is presently 64.16%.

About ANZ

Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch network, mortgage specialists, contact centers, and third party brokers, as well as self-service channels, such as Internet banking, phone banking, ATMs, Website, and digital banking; and banking products and financial services, including asset financing to medium to large commercial customers, agribusiness customers, small business owners, high net worth individuals, and family groups.

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