TMX Group Limited (OTCMKTS:TMXXF) Stock Rated “Buy” by Sell-Side Brokerages

TMX Group Limited (OTCMKTS:TMXXF) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company.

A number of research firms recently issued reports on TMXXF. National Bank Financial raised TMX Group from a “sector perform” rating to an “outperform” rating in a report on Monday, July 27th. Scotiabank reissued an “outperform” rating on shares of TMX Group in a report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce initiated coverage on shares of TMX Group in a research report on Monday, August 17th. They issued an “outperform” rating for the company.

TMX Group Price Performance

Shares of TMXXF stock traded up $0.23 during trading hours on Friday, hitting $38.45. 7,375 shares of the company’s stock were exchanged, compared to its average volume of 46,201. The stock’s 50-day moving average is $38.14 and its 200-day moving average is $37.21. TMX Group has a 52 week low of $31.66 and a 52 week high of $41.94.

About TMX Group

TMX Group Limited is a Canadian financial markets infrastructure company that operates marketplaces, clearinghouses, depositories and market-data businesses. Its principal markets include Toronto Stock Exchange (TSX), TSX Venture Exchange, TSX Alpha Exchange and Montréal Exchange. These platforms support the listing and trading of equities, fixed-income products, derivatives and other financial instruments.

Through its clearing and settlement businesses, including Canadian Derivatives Clearing Corporation and CDS Clearing and Depository Services, TMX Group provides clearing, settlement, custody and depository services for Canadian capital markets.