Zacks Investment Research on Tuesday issued a research note to investors downgrading Westpac Banking Co., shares from an "outperform" rating to a "neutral" rating.

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Westpac Banking Co.'s stock traded up 0.12% on Wednesday, hitting $112.35. Westpac Banking Co. has a 52 week range of $85.71 to $133.55. The stock's 50-day moving average is $111.3 and its 200-day moving average is $108.0. Analysts predict on average that Westpac Banking Co. will post $0.00 earnings per share next quarter. The company has a market cap of $66.892 billion and a P/E (price-to-earnings ratio) of 10.92.

Westpac Banking Corporation (Westpac) is a banking organization. The Company provides a range of banking and financial services in these markets, including retail, business and institutional banking and wealth management services. Westpac operates in five business divisions: Westpac Retail & Business Banking (Westpac RBB), which is responsible for sales, marketing and customer service for all consumer and small-to-medium enterprise customers in Australia under the Westpac and RAMS brands; Westpac Institutional Bank (WIB), which delivers a range of financial services to commercial, corporate, institutional and government customers; St.George Bank is responsible for sales, marketing and customer service for its consumer, business and corporate customers; BT Financial Group (Australia), is Westpac's wealth management business, and New Zealand Banking, which provides a range of retail and commercial banking and wealth management products and services.

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