TMX Group Limited (OTCMKTS:TMXXF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of TMX Group Limited (OTCMKTS:TMXXF) have received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts have commented on TMXXF shares. Canadian Imperial Bank of Commerce began coverage on shares of TMX Group in a report on Monday, August 17th. They set an “outperform” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of TMX Group in a report on Monday, August 3rd. Finally, National Bank Financial raised shares of TMX Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 27th.

TMX Group Stock Up 2.1%

OTCMKTS TMXXF opened at $39.09 on Friday. TMX Group has a one year low of $31.66 and a one year high of $41.94. The stock’s 50-day moving average is $36.42 and its 200-day moving average is $36.54.

About TMX Group

TMX Group Limited operates Canada’s premier financial infrastructure that supports capital markets for listing, trading, clearing, settlement and information services. As a holding company, TMX Group’s principal businesses include the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Montréal Exchange (MX), and Canadian Depository for Securities (CDS). These platforms facilitate equity and derivatives trading, debt issuance, exchange-traded funds and a broad spectrum of structured products.

Through its marketplace operations, TMX Group offers issuers access to public capital, while providing investors with deep liquidity and a diverse range of listed instruments.