Zacks Research Upgrades Macquarie Group (OTCMKTS:MQBKY) to Strong-Buy

Macquarie Group (OTCMKTS:MQBKY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

MQBKY has been the topic of several other reports. UBS Group raised Macquarie Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. The Goldman Sachs Group raised Macquarie Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Macquarie Group Price Performance

MQBKY opened at $150.68 on Wednesday. The firm has a 50 day moving average price of $136.26 and a 200-day moving average price of $140.67. Macquarie Group has a twelve month low of $98.20 and a twelve month high of $156.40.

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.