National Australia Bank (OTCMKTS:NABZY) Stock Rating Cut to Strong Sell at Zacks Research

National Australia Bank (OTCMKTS:NABZY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Several other brokerages have also issued reports on NABZY. National Bank Financial upgraded shares of National Australia Bank from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 16th. The Goldman Sachs Group upgraded National Australia Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

National Australia Bank Trading Up 2.4%

Shares of OTCMKTS NABZY opened at $13.71 on Thursday. The business has a 50 day simple moving average of $13.75 and a 200-day simple moving average of $14.39. National Australia Bank has a twelve month low of $12.41 and a twelve month high of $18.13.

National Australia Bank Company Profile

National Australia Bank (NAB) is one of Australia’s major banking groups, providing financial services to individuals, businesses and institutional clients. Its offerings include everyday banking and savings accounts, home and personal loans, credit cards, payments, and business lending and banking services.

NAB also provides corporate and institutional banking, including transaction banking, financing and markets services. Its operations are centered in Australia and New Zealand, where it operates Bank of New Zealand, and it serves business and institutional customers in other international markets.

The modern National Australia Bank was formed in 1982 through the merger of the National Bank of Australasia and the Commercial Banking Company of Sydney.