Deutsche Boerse (OTCMKTS:DBOEY) Sees Strong Trading Volume on Analyst Upgrade

Deutsche Boerse AG (OTCMKTS:DBOEY) saw unusually-high trading volume on Monday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. Approximately 1,869,776 shares were traded during mid-day trading, an increase of 462% from the previous session’s volume of 332,795 shares.The stock last traded at $26.05 and had previously closed at $26.94.

A number of other equities research analysts have also weighed in on the stock. Kepler Capital Markets lowered shares of Deutsche Boerse from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Cfra Research raised shares of Deutsche Boerse to a “hold” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Boerse presently has an average rating of “Hold”.

Deutsche Boerse Price Performance

The firm has a market capitalization of $49.18 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 4.16 and a beta of 0.58. The stock has a 50-day moving average price of $25.62 and a 200-day moving average price of $28.81.

Deutsche Boerse (OTCMKTS:DBOEY) last posted its earnings results on Monday, October 27th. The financial services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Deutsche Boerse had a return on equity of 19.52% and a net margin of 31.24%.The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.46 billion. As a group, equities research analysts predict that Deutsche Boerse AG will post 1.12 earnings per share for the current fiscal year.

Deutsche Boerse Company Profile

Deutsche Börse AG operates as an exchange organization in Europe, America, and the Asia-Pacific. The company operates through four segments: Data & Analytics; Trading & Clearing; Fund Services; and Securities Services. It engages in the trading of derivatives, electricity and gas products, emission rights, foreign exchange, and commodity products; operating EEX and 360T over the counter trading platform for financial instruments, such as foreign exchange, money market, and interest rate products; and operating as a central counterparty.