National Australia Bank (OTCMKTS:NABZY) Cut to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of National Australia Bank (OTCMKTS:NABZY) from an overweight rating to an equal weight rating in a research report released on Thursday, August 1st, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of National Australia Bank from a sell rating to a hold rating in a research report on Tuesday, July 16th. ValuEngine cut shares of National Australia Bank from a hold rating to a sell rating in a report on Wednesday, July 31st.

Shares of OTCMKTS:NABZY traded down $0.13 during trading hours on Thursday, reaching $9.13. The stock had a trading volume of 27,733 shares, compared to its average volume of 54,257. National Australia Bank has a 1 year low of $7.84 and a 1 year high of $10.43. The firm’s 50 day moving average is $9.54 and its 200-day moving average is $9.12. The stock has a market capitalization of $49.56 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.40 and a beta of 0.80.

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.

Recommended Story: What is an economic bubble?

The Fly

Receive News & Ratings for National Australia Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Australia Bank and related companies with's FREE daily email newsletter.