Mitsubishi Electric (OTCMKTS:MIELY) Upgraded at UBS Group

UBS Group upgraded shares of Mitsubishi Electric (OTCMKTS:MIELY) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Mitsubishi Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Mitsubishi Electric Price Performance

Shares of Mitsubishi Electric stock opened at $68.95 on Monday. The company has a market cap of $72.85 billion, a PE ratio of 65.05 and a beta of 0.52. The firm has a fifty day moving average price of $68.09 and a two-hundred day moving average price of $58.87. Mitsubishi Electric has a fifty-two week low of $30.89 and a fifty-two week high of $78.69.

Mitsubishi Electric Company Profile

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.