Ashmore Group (OTCMKTS:AJMPF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “Ashmore Group plc is an emerging market investment manager. It invests in the public equity and fixed income markets. Ashmore Group plc is based in London, United Kingdom. “

A number of other research firms have also recently commented on AJMPF. JPMorgan Chase & Co. upgraded Ashmore Group from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 13th. Numis Securities cut Ashmore Group from a “hold” rating to a “reduce” rating in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Ashmore Group currently has an average rating of “Hold” and an average price target of $5.00.

Shares of Ashmore Group (OTCMKTS AJMPF) traded up $0.33 during midday trading on Thursday, hitting $5.83. The stock had a trading volume of 30,976 shares, compared to its average volume of 13,808. Ashmore Group has a 12 month low of $3.35 and a 12 month high of $5.56.

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About Ashmore Group

Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe.

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