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

Shares of TMX Group Limited (OTCMKTS:TMXXF) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages recently commented on TMXXF. Raymond James Financial upgraded shares of TMX Group from an “outperform” rating to a “strong-buy” rating in a research note on Friday, February 6th. Royal Bank Of Canada restated an “outperform” rating on shares of TMX Group in a report on Monday, February 9th. Finally, TD Securities upgraded TMX Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 29th.

TMX Group Trading Down 0.2%

TMXXF opened at $33.71 on Friday. TMX Group has a 52-week low of $32.30 and a 52-week high of $42.19. The firm’s 50 day moving average is $36.23 and its 200-day moving average is $37.33.

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.