Commonwealth Bank of Australia (OTCMKTS:CMWAY) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Commonwealth Bank of Australia (OTCMKTS:CMWAY) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Commonwealth Bank of Australia Stock Up 2.0%

Commonwealth Bank of Australia stock opened at $112.67 on Monday. The business has a 50 day moving average of $116.37 and a 200-day moving average of $107.23. Commonwealth Bank of Australia has a 1 year low of $85.22 and a 1 year high of $127.74.

Commonwealth Bank of Australia Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, August 26th will be given a dividend of $1.6817 per share. This represents a dividend yield of 282.0%. This is a positive change from Commonwealth Bank of Australia’s previous dividend of $1.41. The ex-dividend date is Monday, August 25th.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.