Macquarie Group (OTCMKTS:MQBKY) Shares Cross Above 200 Day Moving Average – Time to Sell?

Macquarie Group Limited (OTCMKTS:MQBKY)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $140.77 and traded as high as $152.40. Macquarie Group shares last traded at $148.10, with a volume of 13,616 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MQBKY shares. UBS Group raised Macquarie Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group raised shares of Macquarie Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Zacks Research upgraded shares of Macquarie Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Macquarie Group Stock Up 0.7%

The firm has a 50 day moving average of $138.82 and a 200 day moving average of $140.77.

Macquarie Group Company Profile

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.