Macquarie Group (OTCMKTS:MQBKY) Rating Lowered to Hold at Zacks Research

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

Several other equities analysts have also recently weighed in on the stock. UBS Group raised shares of Macquarie Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group raised shares of Macquarie Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Macquarie Group Stock Up 2.9%

Shares of OTCMKTS MQBKY opened at $166.44 on Monday. Macquarie Group has a fifty-two week low of $107.73 and a fifty-two week high of $167.07. The firm’s 50-day simple moving average is $146.56 and its 200 day simple moving average is $141.65.

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.