National Australia Bank (OTCMKTS:NABZY) Stock Rating Lowered by Zacks Research

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

A number of other equities analysts have also recently weighed in on NABZY. National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 16th. The Goldman Sachs Group raised National Australia Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.50.

National Australia Bank Trading Up 2.4%

Shares of OTCMKTS NABZY opened at $13.71 on Thursday. National Australia Bank has a 52-week low of $12.41 and a 52-week high of $18.13. The stock has a 50 day moving average price of $13.75 and a 200 day moving average price of $14.39.

About National Australia Bank

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.