Commonwealth Bank of Australia (OTCMKTS:CMWAY) Rating Increased to Neutral at JPMorgan Chase & Co.

Commonwealth Bank of Australia (OTCMKTS:CMWAY) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.

Several other brokerages also recently commented on CMWAY. Zacks Investment Research downgraded shares of Commonwealth Bank of Australia from a “buy” rating to a “hold” rating in a report on Wednesday, May 5th. Jefferies Financial Group upgraded shares of Commonwealth Bank of Australia from a “hold” rating to a “buy” rating in a research report on Friday, March 5th. Finally, Macquarie upgraded shares of Commonwealth Bank of Australia from an “underperform” rating to a “neutral” rating in a research report on Tuesday, March 23rd.

Commonwealth Bank of Australia stock opened at $75.73 on Thursday. The company has a market capitalization of $134.06 billion, a P/E ratio of 28.26 and a beta of 0.98. The firm’s fifty day simple moving average is $68.68 and its 200-day simple moving average is $64.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.98. Commonwealth Bank of Australia has a 1-year low of $38.06 and a 1-year high of $75.85.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, Europe, Asia, North America, and internationally. It offers retail, premium, business, and institutional banking; and funds management, insurance, and share-broking products and services. The company operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, New Zealand, and International Financial Services segments.

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