Mitsubishi Electric (OTCMKTS:MIELY) Stock Rating Upgraded by Zacks Research

Mitsubishi Electric (OTCMKTS:MIELY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Mitsubishi Electric Trading Up 3.6%

Shares of Mitsubishi Electric stock opened at $69.42 on Monday. The company’s fifty day simple moving average is $74.47 and its 200-day simple moving average is $71.69. The company has a market cap of $73.35 billion, a price-to-earnings ratio of 65.49 and a beta of 0.75. Mitsubishi Electric has a 1 year low of $43.03 and a 1 year high of $86.00.

About Mitsubishi Electric

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.