Macquarie Group (OTCMKTS:MQBKY) Stock Rating Lowered by UBS Group

Macquarie Group (OTCMKTS:MQBKY) was downgraded by stock analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

MQBKY has been the topic of a number of other research reports. Zacks Research lowered Macquarie Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. The Goldman Sachs Group reissued a “sell” rating on shares of Macquarie Group in a research report on Tuesday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Macquarie Group Stock Up 0.8%

MQBKY stock opened at $165.97 on Wednesday. The business has a 50-day moving average of $149.25 and a 200-day moving average of $142.94. Macquarie Group has a fifty-two week low of $116.92 and a fifty-two week high of $178.01.

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.