Commonwealth Bank of Australia (OTCMKTS:CMWAY) Rating Lowered to "Hold" at Zacks Research

Key Points

• Commonwealth Bank of Australia has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research in a recent report.
• Despite the downgrade, shares of the Commonwealth Bank traded up 4.3% on Monday, reaching a price of $115.23.
• The stock's trading volume was significantly lower than its average, with only 551 shares traded compared to an average of 56,415 shares.

Commonwealth Bank of Australia (OTCMKTS:CMWAY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Commonwealth Bank of Australia Trading Up 0.6%

Shares of OTCMKTS CMWAY traded up $0.71 during mid-day trading on Monday, hitting $113.98. 64,523 shares of the company traded hands, compared to its average volume of 30,686. Commonwealth Bank of Australia has a 1 year low of $85.22 and a 1 year high of $127.74. The business has a 50 day moving average of $116.22 and a two-hundred day moving average of $107.48.

About Commonwealth Bank of Australia

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.