Mitsubishi Electric (OTCMKTS:MIELY – Get Free Report) will likely be announcing its resultson Tuesday, April 28th. Analysts expect the company to announce earnings of $0.4195 per share and revenue of $10.2982 billion for the quarter.
Mitsubishi Electric Price Performance
Shares of OTCMKTS:MIELY opened at $75.56 on Friday. The business has a fifty day moving average price of $71.09 and a two-hundred day moving average price of $63.22. The company has a market capitalization of $79.84 billion, a PE ratio of 71.28 and a beta of 0.58. Mitsubishi Electric has a 1 year low of $36.65 and a 1 year high of $78.69.
Wall Street Analyst Weigh In
MIELY has been the subject of a number of research reports. UBS Group upgraded Mitsubishi Electric from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research upgraded Mitsubishi Electric from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
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.
Further Reading
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