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

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Zacks Investment Research lowered shares of National Australia Bank (OTCMKTS:NABZY) from a hold rating to a sell rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “National Australia Bank is an international financial services group providing a comprehensive and integrated range of financial services. “

Other equities analysts also recently issued research reports about the company. UBS Group raised National Australia Bank from a neutral rating to a buy rating in a research report on Thursday, June 4th. Jefferies Financial Group raised National Australia Bank from a hold rating to a buy rating in a research report on Tuesday, March 17th. Finally, ValuEngine raised National Australia Bank from a sell rating to a hold rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. National Australia Bank has a consensus rating of Hold and an average price target of $5.75.

Shares of OTCMKTS:NABZY opened at $6.30 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.69. The business has a 50-day moving average price of $5.98 and a two-hundred day moving average price of $6.88. National Australia Bank has a 1-year low of $4.00 and a 1-year high of $10.38. The stock has a market capitalization of $34.48 billion, a P/E ratio of 10.33, a P/E/G ratio of 3.20 and a beta of 1.06.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, May 7th will be issued a $0.086 dividend. The ex-dividend date is Wednesday, May 6th. National Australia Bank’s payout ratio is presently 27.87%.

About National Australia Bank

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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