ValuEngine Upgrades OTC Markets Group (OTCMKTS:OTCM) to “Buy”

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ValuEngine upgraded shares of OTC Markets Group (OTCMKTS:OTCM) from a hold rating to a buy rating in a research report released on Wednesday, October 17th.

Separately, Zacks Investment Research upgraded shares of OTC Markets Group from a sell rating to a hold rating in a report on Saturday, September 29th.

Shares of OTC Markets Group stock traded up $0.60 during trading on Wednesday, hitting $32.70. The company’s stock had a trading volume of 836 shares, compared to its average volume of 4,643. OTC Markets Group has a 52 week low of $23.12 and a 52 week high of $34.94. The stock has a market cap of $369.48 million, a price-to-earnings ratio of 17.97 and a beta of 0.09.

OTC Markets Group (OTCMKTS:OTCM) last issued its quarterly earnings data on Tuesday, August 14th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.16. The business had revenue of $14.06 million during the quarter. As a group, equities research analysts anticipate that OTC Markets Group will post 1.31 EPS for the current year.

The business also recently disclosed a None dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, November 20th. OTC Markets Group’s dividend payout ratio is currently 32.97%.

OTC Markets Group Company Profile

OTC Markets Group Inc engages in the financial market business in the United States. It offers OTC Link Alternative Trading System, which connects a network of brokers-dealers providing liquidity and execution services for various securities. The company also provides investors, traders, institutions, and regulators with a suite of enterprise and user level market data licenses through direct or extranet connectivity, third party market data redistributors, or order management systems.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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