TMX Group (OTCMKTS:TMXXF) Trading 2% Higher – Still a Buy?

TMX Group Limited (OTCMKTS:TMXXF)’s share price rose 2% on Friday . The company traded as high as $38.66 and last traded at $38.58. Approximately 96,117 shares were traded during mid-day trading, an increase of 108% from the average session volume of 46,287 shares. The stock had previously closed at $37.81.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TMXXF shares. Canadian Imperial Bank of Commerce started coverage on shares of TMX Group in a report on Monday, August 17th. They set an “outperform” rating on the stock. Scotiabank restated an “outperform” rating on shares of TMX Group in a research note on Monday, August 3rd. Finally, National Bank Financial upgraded TMX Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, TMX Group has an average rating of “Buy”.

TMX Group Stock Performance

The firm’s 50-day simple moving average is $37.57 and its 200 day simple moving average is $36.89.

TMX Group Company Profile

TMX Group Limited operates Canada’s premier financial infrastructure that supports capital markets for listing, trading, clearing, settlement and information services. As a holding company, TMX Group’s principal businesses include the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Montréal Exchange (MX), and Canadian Depository for Securities (CDS). These platforms facilitate equity and derivatives trading, debt issuance, exchange-traded funds and a broad spectrum of structured products.

Through its marketplace operations, TMX Group offers issuers access to public capital, while providing investors with deep liquidity and a diverse range of listed instruments.