Commonwealth Bank of Australia (OTCMKTS:CMWAY) Upgraded by Jefferies Financial Group to “Buy”

Jefferies Financial Group upgraded shares of Commonwealth Bank of Australia (OTCMKTS:CMWAY) from a hold rating to a buy rating in a research note released on Thursday morning, The Fly reports. The firm currently has $113.00 price objective on the stock.

Several other equities research analysts have also recently commented on CMWAY. Zacks Investment Research cut Commonwealth Bank of Australia from a buy rating to a hold rating in a research note on Tuesday, July 13th. JPMorgan Chase & Co. upgraded Commonwealth Bank of Australia from an underweight rating to a neutral rating in a research report on Thursday, May 13th.

Commonwealth Bank of Australia stock opened at $73.10 on Thursday. Commonwealth Bank of Australia has a 12 month low of $44.85 and a 12 month high of $81.00. The business’s 50 day moving average is $76.12. The stock has a market capitalization of $129.40 billion, a PE ratio of 27.28 and a beta of 0.88.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia engages in the provision of banking and financial services. It operates through the following segments: Retail Banking Services; Business and Private Banking; Institutional Banking and Markets; Wealth Management; New Zealand; and International Financial Services and Corporate Other.

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