Macquarie Group (OTCMKTS:MQBKY) Upgraded at Zacks Research

Macquarie Group (OTCMKTS:MQBKY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on MQBKY. UBS Group raised Macquarie Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. The Goldman Sachs Group raised Macquarie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Macquarie Group Stock Performance

Shares of MQBKY stock opened at $150.68 on Wednesday. Macquarie Group has a one year low of $98.20 and a one year high of $156.40. The company’s fifty day moving average price is $136.26 and its 200-day moving average price is $140.67.

Macquarie Group Company Profile

Macquarie Group is a diversified financial services and asset management company headquartered in Sydney, Australia. Founded in 1969 as Hill Samuel Australia, it was granted its banking licence in 1985 and adopted the Macquarie name shortly thereafter. Over the decades, the firm has grown from a domestic brokerage operation into a global institution, offering a wide range of services across banking, advisory, investment and funds management.

The company operates through four core business segments: Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital.