Macquarie Group (OTCMKTS:MQBKY) Upgraded at Zacks Research

Zacks Research upgraded shares of Macquarie Group (OTCMKTS:MQBKY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group raised shares of Macquarie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. UBS Group raised Macquarie Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Macquarie Group Stock Performance

OTCMKTS MQBKY opened at $148.14 on Wednesday. Macquarie Group has a one year low of $98.20 and a one year high of $156.40. The company’s 50 day moving average price is $136.68 and its 200 day moving average price is $140.68.

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.