Mitsubishi Electric (OTCMKTS:MIELY) Upgraded at Zacks Research

Zacks Research upgraded shares of Mitsubishi Electric (OTCMKTS:MIELY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Mitsubishi Electric Price Performance

Shares of Mitsubishi Electric stock opened at $69.08 on Monday. The company has a market cap of $72.99 billion, a PE ratio of 65.17 and a beta of 0.75. The firm has a fifty day moving average price of $74.21 and a two-hundred day moving average price of $71.77. Mitsubishi Electric has a fifty-two week low of $43.03 and a fifty-two week high of $86.00.

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.