Macquarie Group (OTCMKTS:MQBKY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Macquarie Group (OTCMKTS:MQBKY) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other equities analysts have also weighed in on the company. UBS Group upgraded Macquarie Group from a “hold” rating to a “strong-buy” rating in a research note 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 analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Macquarie Group Stock Up 0.7%

Shares of OTCMKTS MQBKY opened at $150.68 on Wednesday. Macquarie Group has a 12 month low of $98.20 and a 12 month high of $156.40. The firm’s 50 day simple moving average is $136.26 and its 200-day simple moving average 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.