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

Zacks Research cut shares of Macquarie Group (OTCMKTS:MQBKY) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

MQBKY has been the subject of a number of other research reports. The Goldman Sachs Group upgraded Macquarie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. UBS Group upgraded Macquarie Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Macquarie Group Stock Performance

Shares of MQBKY stock opened at $169.08 on Monday. The business has a fifty day moving average of $146.94 and a 200 day moving average of $141.84. Macquarie Group has a 1 year low of $107.73 and a 1 year high of $169.23.

About Macquarie Group

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.