National Australia Bank (OTCMKTS:NABZY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of National Australia Bank (OTCMKTS:NABZY) from a hold rating to a sell rating in a research report released on Saturday morning, 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 research firms have also recently commented on NABZY. Jefferies Financial Group raised shares of National Australia Bank from a hold rating to a buy rating in a research note on Tuesday, March 17th. UBS Group raised shares of National Australia Bank from a neutral rating to a buy rating in a research note on Thursday, June 4th. Finally, ValuEngine raised shares of National Australia Bank from a sell rating to a hold rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $5.75.

NABZY stock opened at $6.30 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.69. National Australia Bank has a fifty-two week low of $4.00 and a fifty-two week high of $10.38. The firm’s 50-day simple moving average is $5.98 and its 200 day simple moving average is $6.88. The stock has a market cap of $34.48 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 3.20 and a beta of 1.06.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, May 7th will be given a dividend of $0.086 per share. The ex-dividend date of this dividend is Wednesday, May 6th. National Australia Bank’s dividend payout ratio (DPR) is 27.87%.

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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