Ratings agency RBS has upgraded Westpac Banking Co., shares from a "hold" rating to a "buy" rating after equities research analyst noted confidence in the bank. The research note was presented to investors on Monday.

Separately, analysts at Zacks Investment Research downgraded shares of Westpac Banking Co. from an "outperform" rating to a "neutral" rating in a research note to investors on Tuesday

Shares of Westpac Banking Co. traded up 0.25% during mid-day trading on Tuesday, hitting $115.628. Westpac Banking Co. has a 52 week low of $85.71 and a 52 week high of $133.55. The stock's 50-day moving average is $117.9 and its 200-day moving average is $113.0. The company has a market cap of $68.844 billion and a price-to-earnings ratio of 11.12.

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.